CADCHF: Structure Analysis

CADCHF: Structure Analysis


After the price hit an all-time low of 0.6460 near mid-August, we saw
a bullish wave.

After a month and a half, CADCHF tested 0.6830 which was last tested near the end of June 2023.

The price found sellers near that area and the price is moving down again with the predominant trend.

I am watching as a maximum pullback near 0.6400 and the price should rise again. So I'm watching for any buying opportunities out there.

If the price stops near the bottom, then it will be even better for us.

So let's see how it develops.

Thank you and Good Luck!