CAD/CHF may rise 23 - 34 pips

0.6259 is our pivot point.

Our preference

Rebound towards 0.6316.

Alternative scenario

The downside breakout of 0.6259 would call for 0.6240 and 0.6229.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6288 and 0.6305).

Supports and resistances

0.6339 **

0.6328 *

0.6316 **

0.6305

0.6282 last

0.6266

0.6259 **

0.6240 *

0.6229 **

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