CAD/CHF may rise 21 - 32 pips

Our pivot point is at 0.6236.

Our preference

The upside prevails as long as 0.6236 is support.

Alternative scenario

Below 0.6236, expect 0.6219 and 0.6209.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6251 and 0.6254). Finally, the CAD/CHF has crossed above its upper Bollinger band (0.6257).

Supports and resistances

0.6310 **

0.6300 *

0.6290 **

0.6279

0.6258 last

0.6243

0.6236 **

0.6219 *

0.6209 **

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