Despite forming mixed trades by settling near 0.6160 recently, the frequent negative stability of the CADCHF price below 0.6340 and forming additional barrier at 0.6200 level support the continuation of the negativity for the near-term and medium-term period.

 

We expect to gather the negative momentum soon to start forming strong negative waves and attack 0.6085 level, while surpassing it will open the way to target new negative stations that might start at 0.6000 and 0.5930 levels.

 

The expected trading range for today is between 0.6085 and 0.6200

 

Trend forecast: Bearish