The CADCHF holds above the moving average – Analysis – 25-1-2021
Economies.com
2021-01-25 06:27AM UTC
The CADCHF pair ended its correctional bearish rebound by settling above the EMA50 at 0.6945, to form additional support against the main bullish trades and rebound towards 0.6975.
We notice the price consolidation within the main bullish channel, which allows us to wait to gather the positive momentum again to ease the mission of reaching the positive targets that start at 0.7025 followed by 0.7095 levels in the upcoming period.
The expected trading range for today is between 0.6950 and 0.7025
The expected trend for today: Bullish
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