Based on our previous analysis, CAD/CHF started to move lower.
The pair broke below the 38.2% but hasn’t tested next Fibs support level at 23.6%
(0.7340).
Consider holding short positions while moving stop loss to
break even (around 0.7430). Besides, consider selling while the rate in the supply
area (0.7410 – 0.7390).
Support: 0.7340
Resistance: 0.7390, 0.7430
The material has been provided by InstaForex Company – www.instaforex.com
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