Category: Forex News, News
Forecast update for Gold-23-04-2025
The CADCHF lost its positive momentum by stochastic exit from the overbought, to end the bullish rally by hitting 1.8520 level, to form a temporary correctional rebound, to settle near 1.8410.
By the above image, we notice the price stability within the main bullish channel’s levels, and 23.6%Fibonacci correction level forms a strong support at 1.8220, which makes us wait for gathering the positive momentum, to activate the bullish rally again by reaching 1.8460, repeating the pressure on the obstacle at 1.8520, in order to find an exit to achieve extra gains in the upcoming period.
The expected trading range for today is between 1.8355 and 1.8460
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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