Hello traders,
let’s see what Wednesday market has for us:
1. GBP/CHF
The GBPCHF bounced off a weak support level (1.10490) today. Looking through the daily time frame, the pair is still bearish, and has also formed a descending channel on the 4 hour time frame.
If price refuse to break the key resistance zone at the close of the Tuesday daily time frame, there is a huge probability that price will revisit support level 1.10490.
2. CAD/CHF
Last week CAD/CHF closed with a strong bearish candlestick that broke a support zone that has held price for over one year.
This week we may most likely see price give us a slight pull-back before falling to the next possible support level (0.68963)
What say you?
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