CAD/CHF TECHNICAL ANALYSIS
CAD/CHF has mirrored recent weakness seen in the spot price of WTI, which has seen the pair fall to support around 0.7385. Price appreciation across commodities buoyed the pair to within touching distance of yearly highs. The pair briefly reached overbought status on October 12 with an RSI reading of 70.37, with price and momentum cooling off in the subsequent sessions. Should price maintain the 0.7385 level, market participants may look for a retest of 0.7420, a key pivot level dating back to late-April.
CAD/CHF has mirrored recent weakness seen in the spot price of WTI, which has seen the pair fall to support around 0.7385. Price appreciation across commodities buoyed the pair to within touching distance of yearly highs. The pair briefly reached overbought status on October 12 with an RSI reading of 70.37, with price and momentum cooling off in the subsequent sessions. Should price maintain the 0.7385 level, market participants may look for a retest of 0.7420, a key pivot level dating back to late-April.
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