The CADCHF currency pair quotations were growing during the last 4 sessions, and today buyers have managed to set new maxima. Within the range of increases, resistance was overcome at 0.7562, which held back the increase many times since September this year.

XM offers traders minimum deposits from $5 and security through CySEC, ASIC and FCA licenses. Trade with a broker with 10 years of market tradition and more than 2.5 million clients worldwide

As can be seen in the daily chart of Canadian dollar to franc, since the closing of the Wednesday session, the price is moving over the zone at 0.7562, which indicates its breakthrough. This also means that the area can now be used as a support in case of a reversal.

CADCHF Daily

The nearest target that bulls can now aim for is close to 0.7610. This is where the peak of July is located. Moreover, the zone within this level prevented the sellers from further expansion also in February, April and May 2019.

In our Facebook group, which you can join anytime: https://www.facebook.com/groups/328412937935363/ you will find 5 simple strategies on which my trading is based. There, every day  we post fresh analyses of currency pairs and commodities

Error, group does not exist! Check your syntax! (ID: 3)