The CADCHF pair declined in its last intraday levels, to gather the gains of its previous rises, attempting to gather bullish momentum that might assist it to breach the critical resistance at 173.25, and attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals appearance, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.

 

Therefore, our expectations suggest a rise in the (CADCHF) price in its upcoming intraday trading, conditioned by breaching the mentioned resistance at 173.25 initially, to target its next resistance at 174.35.

 

The expected trading range for today is between 171.85 support and 173.80 resistance.

 

Trend forecast: Bullish

 

 

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