CAD/CHF may fall 37 - 52 pips

0.6337 is our pivot point.

Our preference

The downside prevails as long as 0.6337 is resistance.

Alternative scenario

The upside breakout of 0.6337, would call for 0.6363 and 0.6378.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6319 and 0.6322).

Supports and resistances

0.6378 **

0.6363 *

0.6337 **

0.6327

0.6314 last

0.6277

0.6262 **

0.6246 *

0.6231 **

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