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The pair is currently trading close to the strong support at the round price level 0.8500 (standing just above the upper boundary of the Forecast Zone calculated by Autochartist for this Breakdown – 0.8485) which should be broken for the downtrend to continue. Expect downtrend acceleration on the breakdown through this support.
The pair has just broken the lower support trendline of this Triangle with the Breakout whose strength is measured at the maximum 10 bar level. The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.
The Quality of this Triangle is rated at the 5 bar level as a result of the low Initial Trend (rated at one bar level) and the average Uniformity and Clarity (both measured at the 5 bar level)
The pair has just broken the lower support trendline of this Triangle with the Breakout whose strength is measured at the maximum 10 bar level.
The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.
The pair has just broken the lower support trendline of this Triangle with the Breakout whose strength is measured at the maximum 10 bar level. The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.
the Swiss franc risks further declines against the loonie after the pair broke above long-standing trendline support of a descending channel that has held since early May.
The pair is currently trading close to the strong support at the round price level 0.8500 (standing just above the upper boundary of the Forecast Zone calculated by Autochartist for this Breakdown – 0.8485) which should be broken for the downtrend to continue. Expect downtrend acceleration on the breakdown through this support.
the Canadian economy and the U.S. economy (mainly due to Canada’s place as the number one exporter of oil to the United States). Coincidentally, despite commentary from Governor Mark Carney that stimulus from the Canadian economy could “withdrawn eventually” following the Bank of Canada rate decision
we can notice from the chart that the pair has closed under 0.7400 , that's mean the down trend is expected and the pair might head to 0.7350 then 0.7300 , however the pair made a hourly correction , good luck .