Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
The USD/CAD consolidated at the resistance of the Moving Average and psychological levels
Information is not investment advice
Wednesday’s Canadian Ivey PMI release was worse than the forecast. On the H4 chart of USD/CAD, the price is consolidating at the 200-period Moving Average to test its resistance at the psychological level of 1.3200. A further rise would meet the resistance levels of 1.3233, 1.3287 and 1.3334 left during October price action. The bearish reversal would have support levels placed at 1.3118 and the strong one at 1.3050.
Gaspar Markosyan
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Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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