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15 May 2015
CAD/CHF: Further recovery ahead for CAD – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team gives the technical outlook and key levels for CAD/CHF.
Key Quotes
“The pair experienced a sharp appreciation until it reached the resistance line at 0.8653 where it rebounded and declined. Since then we saw a sideward movement between the first resistance and the first support level.”
“After the decision of the SNB the CAD highly lost in value versus the CHF but was able to regain clearly during the last trading sessions.”
“Since the decision of the SNB was radical, it is hard to give an overview about the future direction of this pair at the moment.”
“The next trading sessions will bring more clarity about the future direction of this pair, although we already see a clearly recovery of the CAD.”
“According to the indicators the price may settle between the first support and the first resistance line, at least in the short run.”
“Support Levels around 0.7582, 0.6824”
“Resistance Levels around 0.7947, 0.8346, 0.8653”
Key Quotes
“The pair experienced a sharp appreciation until it reached the resistance line at 0.8653 where it rebounded and declined. Since then we saw a sideward movement between the first resistance and the first support level.”
“After the decision of the SNB the CAD highly lost in value versus the CHF but was able to regain clearly during the last trading sessions.”
“Since the decision of the SNB was radical, it is hard to give an overview about the future direction of this pair at the moment.”
“The next trading sessions will bring more clarity about the future direction of this pair, although we already see a clearly recovery of the CAD.”
“According to the indicators the price may settle between the first support and the first resistance line, at least in the short run.”
“Support Levels around 0.7582, 0.6824”
“Resistance Levels around 0.7947, 0.8346, 0.8653”