The CADCHF confirmed the bullish scenario by providing repeated bullish closes above the support level of 0.5770, forming several bullish waves and recording clear gains by its stability near 0.5880.

 

The attempt to provide positive momentum by the main indicators makes us prefer more bullish attempts, which might target 0.5910 barrier, where surpassing it will confirm that the price will enter a new positive pace by its rally towards 0.5945 reaching 0.6000.

 

The expected trading range for today is between 0.5850 and 0.5910

 

Trend forecast: Bullish