CADCHF Prediction & Analysis: Recently, CADCHF rose to the 0.6300 level but experienced a pullback, currently hovering around 0.6260. On the four-hour time frame, the price has been oscillating between 0.6220 and 0.6320 for several days without a clear direction. Both the 50 EMA and 200 EMA indicate a sideways movement.
Currently, the active support level for CADCHF is at 0.6200, while resistance is seen at 0.6320.
Forecast: We anticipate that CADCHF may eventually move upwards, potentially testing the 0.6320 resistance level. If the price holds above 0.6320, the next target could be 0.6420. However, it’s important to note that the pair might retrace to around 0.6240 before continuing its upward trajectory.
Given the current context, we are bullish on CADCHF.
