Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
CAD/CHF is near the resistance
Information is not investment advice
On the daily chart of CAD/CHF, the pair is near the resistance of 0.7490. If the pair breaks above this level, we can anticipate a further rise to 0.7513. The next resistance is at 0.7545. If the pair sticks below 0.7490, the support is located at 0.7459 (previous low and the trendline). A breakthrough below this level will cause a fall to 0.74395.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?