The CADCHF pair’s price kept the negative stability below 0.6020 barrier, affected by the negativity of the main indicators, to notice resuming the negative attack by reaching 0.5850.

 

No escape of the price from forming more of the bearish waves, due to the validation of the main negative factors, to expect reaching the extra target at 0.5785, and breaking it might extend the losses in the near period towards 0.5715 reaching to the support level of the bearish channel’s support at 0.5645.

 

The expected trading range for today is between 0.5715 and 0.5950.

 

Trend forecast: Bearish