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CAD/CHF reversed from powerful resistance zone

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  • CAD/CHF reversed from powerful resistance zone
  • Next sell target - 0.7770

CAD/CHF continues to fall after the earlier downward reversal from the powerful resistance zone lying between the long-term resistance level 0.7930 (which also reversed the price sharply in 2015 as can be seen form the weekly CAD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone, CAD/CHF is expected to fall to the next sell target at the next support level 0.7770 (former multi-moth resistance level).

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