The US dollar is currently in a correction, but is likely to continue the trend down.
CAD/CHF has been moving to resistance
Information is not investment advice
On H4, CAD/CHF has been moving to the resistance at 0.7530 (previous points of reversal and the trendline). If the pair reaches this level, we can anticipate it will turn around. In this case, the target will be placed at 0.7513. The next target is 0.7504.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.