CAD/CHF may fall to 0.6368 - 0.6426

Our pivot point stands at 0.6676.

Our preference

The downside prevails as long as 0.6676 is resistance.

Alternative scenario

Above 0.6676, look for 0.6773 and 0.6831.

Comment

The RSI is below 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 0.6642 and 0.6646). Finally, the CAD/CHF has penetrated its lower Bollinger band (0.6562).

Supports and resistances

0.6831 **

0.6773 *

0.6676 **

0.6638

0.6551 last

0.6426

0.6368 **

0.6311 *

0.6254 **

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