CAD/CHF Faces Strong Resistance at 0.7410, Break Above Targets 0.7450/0.7515

CAD/CHF Faces Strong Resistance at 0.7410, Break Above Targets 0.7450/0.7515

12 April 2016, 13:40
Roberto Jacobs
0
6

CAD/CHF Faces Strong Resistance at 0.7410, Break Above Targets 0.7450/0.7515

  • Major resistance – 0.7410 (trend line joining 0.75168 and 0.7457) 
  • Minor support – 0.7370 
  • CAD/CHF is facing strong resistance around 0.7410 and any break above confirms minor trend reversal .The pair has made a high of 0.74093and slightly declined from that level. It is currently trading around 0.7408. 
  • Any break above 0.7408 will take the pair to next level till 0.7450/0.7515 in short term. 
  • On the lower side any break below 0.7370 will drag the pair down till 0.7330/0.7300 level.

It is good to buy above 0.7410 with SL around 0.7370 for the TP of 0.7455/0.7515     

The material has been provided by InstaForex Company - www.instaforex.com



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