CAD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Following an unsuccessful attack at the one and a half year high of 77.55, which has been tested multiple times during the period and therefore gained a lot of relevance, CAD/CHF slipped to then try and launch another attack with the help of an ascending channel. The pair is currently on its way north and has been having some trouble accumulating momentum, which has led to a flattish motion. The immediate resistance lies at 0.7697 and will open up 0.7704 for tests before the upper boundary reveals itself around 0.7712. A ground is set just below the current price and strengthened by loads of levels that are unlikely to give access to levels below.
© Dukascopy Bank SA
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