The pair has been oversold and USDCAD overbought more than 200 pips.
USDCHF is currently trapped around the 1.00 are so if USDCAD plays well we can expect this cross-pair to follow the chart pattern and try to reclaim the 0.76 area.
Also is currently forming the second leg for a W formation on the 4hr timeframe and is approaching the psychological line of 0.75 where there is a lot of support
USDCHF is currently trapped around the 1.00 are so if USDCAD plays well we can expect this cross-pair to follow the chart pattern and try to reclaim the 0.76 area.
Also is currently forming the second leg for a W formation on the 4hr timeframe and is approaching the psychological line of 0.75 where there is a lot of support
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