Technical Analysis – CADCHF corrects upwards as engulfing candle stops losses
CADCHF buyers halted the pair’s move down just before 0.7250, which is the 138.2% Fibo extension of the up leg from 0.7350 to 0.7610. The subsequent recovery moved the price above the 0.7350 resistance, where the market has now adopted a sideways approach in an area of around 20 pips. The momentum indicators show that […]