The currency pair Canadian Dollar to Swiss Franc CAD/CHF finished the trading week at 0.7536. At the moment, the pair is trading within a downward 1:1 forex pattern with a potential drop target below 0.72. In favor of falling quotations of the pair is the test of the upper boundary of the descending channel, as well as the formation of the bearish wave model of Wolf.
CAD/CHF Forecast forex for the week April 17 — 21, 2017
The cancellation of the decline in the CAD/CHF quotations will result in a strong growth and breakdown of the 0.76 area by closing prices, which will indicate that the pair’s quotations continue to grow. Expect the acceleration of falling quotations of the pair Canadian Dollar Swiss Franc stands with the breakdown of the area of 0.7480.
CAD/CHF Forecast forex for the week April 17 — 21, 2017 suggests an attempt to fall below 0.72 as part of the downward 1:1 downswing, with a strong increase above 0.76.
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