CADCHF Analysis
CADCHF rebounding from the strong support area in the higher timeframe weekly chart.
In the smaller timeframe, 4-hour chart – CADCHF has broken the top area of the symmetrical triangle and the market start to move in an uptrend forming higher lows.
CADCHF Update:
CADCHF is trying to retest and consolidating towards the lower area which leads to the SL price. However, CADCHF price is at the strong 2019th-year support area. This shows that big traders are accumulating step by step at these important price areas. This is the reason for the market to move in a ranging consolidation at this support zone.
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