The CADCHF keeps the negative track – Analysis – 10-8-2022
Economies.com
2022-08-10 05:45AM UTC
The CADCHF pair formed some correctional bullish rebound, affected by stochastic rally above 50 level, to postpone the main bearish attack by reaching 0.7440.
Note that the main stability within the bearish channel and forming additional barrier by 61.8% Fibonacci correction level at 0.7415 allow us to keep the negative overview, waiting to gather the negative momentum followed by starting to target the negative levels at 0.7385 and 0.7370.
The expected trading range for today is between 0.7410 and 0.7385
The expected trend for today: Bearish
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