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CADCHF had been rejected by the 0.9459 support level yesterday, and the rejection effect still occur until now. Now CADCHF is moving near the 0.9506 resistance level. If CADCHF can break that resistance level, this pair may continue going up to the next resistance level at around 0.9554
Cad/chf technical analysis for 05.10.2012 by using : Auto pivot indicator.
resistance 3:0.9566
resistance 2:0.9540
resistance 1:0.9515
pivot point :0.9489
support 1:0.9464
support 2:0.9438
support 3:0.9413
Pair CAD / CHF is now very good steps and falls a little more and the price reaches the support level 0.9430 ... so if the down trend will stop and will suck a little then I think you can look closely to the shopping ... in the hope that the trend will turn around again to targets 0.9900 ...@>-
On the last Friday, CADCHF had been rejected strongly by the 0.9554 resistance level. Then, that rejection also formed a pin bar candle on daily time frame. So, I think CADCHF may falls to the support level at 0.9459 today or even to the lower support level at 0.9417 if CADCHF can break 0.9459 support level.
Spoiler:
Cad/chf technical analysis for 08.10.2012 by using : Auto pivot indicator.
resistance 3:0.9616
resistance 2:0.9587
resistance 1:0.9541
pivot point :0.9512
support 1:0.9466
support 2:0.9437
support 3:0.9391
Cad/chf technical analysis for 09.10.2012 by using : Auto pivot indicator.
resistance 3:0.9648
resistance 2:0.9608
resistance 1:0.9580
pivot point :0.9540
support 1:0.9512
support 2:0.9472
support 3:0.9444
Cad/chf technical analysis for 10.10.2012 by using : Auto pivot indicator.
resistance 3:0.9717
resistance 2:0.9670
resistance 1:0.9641
pivot point :0.9594
support 1:0.9565
support 2:0.9518
support 3:0.9489
Basically, CADCHF is in bullish trend movement now and this pair also has broken the resistance level at 0.9600. I think CADCHF still has a chance to go up and touch the next resistance level at 0.9638. But be careful, if CADCHF can fall and break 0.9638 level again, this pair may makes some correction movement to the support level at 0.9554.
Cad/chf technical analysis for 11.10.20102 by using : Auto pivot indicator.
resistance 3:0.9683
resistance 2:0.9656
resistance 1:0.9612
pivot point :0.9585
support 1:0.9541
support 2:0.9514
support 3:0.9470
CADCHF has been rejected by the support level at 0.9554. But I think the rejection is not too strong. I think CADCHF will try to test that support level again today. Then, if CADCHF can break that support, CADCHF may continue falling to the next support level at 0.9506