CAD/CHF: trade idea


Tatiana Norkina, FBS analyst

The currency pair failed to hold either in the positive area, either within the four-hour Ichimoku cloud. Today bulls tested the lower limit from below of the cloud, but so far they are not able to break through the resistance level. In the case of consolidation at this level it is better to remain on the bears side because Senkou Span A and B intersected changing the nature of the current trend to a descending one.

Oscillators can bring some uncertainty because they turned up due to the short-term recovery of the pair.

Technical levels: Support - 0.8380, 0.8360; resistance - 0.8460.

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