CAD/CHF may fall 25 - 32 pips

0.6620 is our pivot point.

Our preference

The downside prevails as long as 0.6620 is resistance.

Alternative scenario

Above 0.6620, look for 0.6632 and 0.6639.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6614 and 0.6621).

Supports and resistances

0.6639 **

0.6632 *

0.6620 **

0.6615

0.6609 last

0.6584

0.6577 **

0.6570 *

0.6563 **

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