The CADCHF keeps the positivity – Forecast today – 15-4-2024

Scenarios and Trading Range

The CADCHF pair succeeded to get rid of the negative pressures and end the correctional bearish rebound by providing positive close above the bullish channel’s support line at 0.6600, forming some bullish waves by rallying towards 0.6645.

These factors along with stochastic positive momentum signals allow us to keep the bullish overview that might target some positive stations, staring at 0.6670 and 0.6710.

The expected trading range for today is between 0.6625 and 0.6675

Scenario Report

1. Successful elimination of negative pressures.
2. Positive close above bullish channel’s support line at 0.6600.
3. Formation of bullish waves rallying towards 0.6645.
4. Stochastic positive momentum signals.
5. Bullish overview targeting 0.6670 and 0.6710 levels.