CAD/CHF has been moving to the resistance

CAD/CHF has been moving to the resistance

Information is not investment advice

On the daily chart, CAD/CHF has almost reached the resistance range at 0.75415-07556. RSI indicator and the stochastic oscillator are near the overbought area. It means that the reversal is close. When the pair turns around, the first target will lie at 0.7461.  

However, the pair may get an additional boost. To continue the upward movement, CAD/CHF needs to stick above 0.7556. The target is at 0.7613. 

CADCHFDaily.png

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