[riki143]

CAD/CHF reversed from resistance zone
2/16/2016

CAD/CHF reversed from resistance zone
Next sell target - 0.7600

CAD/CHF continues to fall after the recent sharp downward reversal from the powerful resistance zone lying between the key resistance level 0.7720 (which stopped the previous waves (2), (ii) and 2, as can be seen from the daily CAD/CHF charts below) and the upper daily Bollinger Band. If the price closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Double Doji Evening Star.

CAD/CHF is expected to fall further to the next sell target at the support level 0.7600. Sell stop-loss can be placed above the aforementioned resistance level 0.7720.



More:
https://new.fxbazooka.com/analytics/12521