CADCHF’s latest bullish surge was halted by the stability of the barrier at 0.5910, forcing the pair to form some corrective trading as it slips toward 0.5820. We would like to note that this decline will not affect the main bullish scenario, which remains supported by the stability of the support at 0.5770.

 

Based on the above, we expect the price to enter new mixed trading while awaiting the accumulation of additional positive momentum, which would enable it to renew pressure on the aforementioned barrier. A breakout above this level would open the way toward further targets, initially at 0.5945 and 0.6010, respectively.

 

Expected trading range for today: 0.5825 and 0.5910 

 

Today’s forecast : Bullish