CAD/CHF may rise 17 - 26 pips

Our pivot point stands at 0.6506.

Our preference

The upside prevails as long as 0.6506 is support.

Alternative scenario

Below 0.6506, expect 0.6492 and 0.6484.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6513 and 0.6515). Finally, the CAD/CHF has crossed above its upper Bollinger band (0.6525).

Supports and resistances

0.6571 **

0.6563 *

0.6555 **

0.6546

0.6529 last

0.6512

0.6506 **

0.6492 *

0.6484 **

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