CAD/CHF rising inside minor correction
- CAD/CHF rising inside minor corrective wave 2
- Next buy target - 0.7600
CAD/CHF has been rising in the last few trading sessions inside the second minor corrective wave 2, which stared earlier - when the pair reversed up with the daily Morning Star from the support zone lying between the support levels 0.7420 (previous sell target) and 0.7350. This support zone was strengthened by the Fibonacci cluster made out of the 61.8% and 38.2% Fibonacci correction levels of the two previous upward impulses from April and February respectively.
CAD/CHF is likely to rise further to the next buy target at the resistance level 0.7600 (which reversed the previous intermediate ABC correction (2) in July, as can be seen below).