CAD/CHF reached buy target 0.7600
- CAD/CHF reached buy target 0.7600
- Next sell target – 0.7420
CAD/CHF continues to fall inside the minor impulse wave 3 - which began earlier- when the pair reversed down from the resistance level 0.7600 (previous buy target set in our earlier forecast for this currency pair). The resistance zone near the resistance level 0.7600 was strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 0.7600 completed the previous minor ABC correction 2 from June.
CAD/CHF is likely to fall further in the active minor impulse wave 3 toward the next sell target at the pivotal support level 0.7420, which has been reversing the price from May.