Breakout opportunity for CADCHF

Price is moving up to test resistance again. Price is looking bullish right now so we are going to try to play for a breakout move. Price was previously rejected at this resistance level but failed to trade back down to the support region of the range. This gives some evidence that there is a lot of bullish action around this area. If price manages to make a strong move past our resistance region, there is a good chance for a continuation. Otherwise we will look to short back down into the range to support level. We will see how it plays out. Always manage your position size and risk. Happy trading!