We can see that for the most part cross pairs like CAD/CHF have the tendencies to move in consolidation box, which i call range box effect. Right now we're moving inside one of those range zone between 1.4000 round number and psychological number which is also the bottom of the current box and 1.4600 resistance and top of the box.

Major Levels to watch:
  • 0.7500 Big round number and psychological number and also support level.
  • 0.7800 Resistance and top of the current box;
  • 0.7300 100% Fibonacci Expansion from 0.7950 high.
Figure 1. CAD/CHF Daily Chart
On the lower time frame (see Figure 2) we can have a look at the short term price action and define our next level of support and resistance. Since the momentum is to the downside, next target will be at at around 0.7300 level which is a a round number and also 100% Fibonacci extension from 0.7950 high

Figure 2. CHF/SGD 4h Chart.


Forecast:
Based on this analysis and my projections we should see an exchange rate for CAD/CHF of 0.7538 for 1st of July 2015 .

Best Regards,
Daytrader21
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