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Market Commentary: #CADCHF

Sarfaraj patel (sarfarajpatel)
Feb 25 2020 at 08:41
7 postów
After a period of consolidation, the bears managed to break the 0.74421 previous Support level and brought the price to re-test the July 2019 previous Support at 0.72641. The loonie got some bullish momentum but not enough to break the 0.74421 turnings it into a new Resistance level. Price closed NY yesterday showing a strong bear presence. I believe the price will continue its move down to re-test the 0.72641 level again and this will be my confirmation(depending on the closing candle) the range move and for a long entry. Anyway nothing to do here today and I will be waiting for the NY close today for any action. Trade Safe


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