The CADCHF reaches the main target – Analysis – 23-1-2020

The CADCHF pair formed strong negative attack recently, affected by its fluctuation within the bearish channel, to notice reaching the main support at 0.7350 that formed the main target for the previous trades.

The upcoming scenario depends on the strength of the current support, as its stability allows us to suggest the bullish attempts that might target 0.7375 followed by reaching 0.7406 level, while the continuous negative pressures and breaking the current support will increase the chances of resuming the negative attack, to expect moving towards 0.7316 on the near term and medium term period.

The expected trading range for today is between 0.7350 and 0.7375

The expected trend for today: Bullish