Canadian Dollar/Swiss Franc
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CADCHF: Strong Bearish Signal

195
Following a significant downward movement, the CADCHF pair spent a week consolidating in a tight range on a 4-hour chart.

Today, there has been a bearish response on the pair as it broke below the lower boundary of the range.

I believe that the market could now be poised for a downward trend, with the nearest resistance level at 0.643.

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