CAD/CHF may rise to 0.6702 - 0.6778

Our pivot point stands at 0.6427.

Our preference

Rebound towards 0.6778.

Alternative scenario

The downside breakout of 0.6427 would call for 0.6300 and 0.6224.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6542 and 0.6596).

Supports and resistances

0.6930 **

0.6854 *

0.6778 **

0.6702

0.6540 last

0.6477

0.6427 **

0.6300 *

0.6224 **

Number of asterisks represents the strength of support and resistance levels.