as you can see on the chart, the pair is currently trading at 0.7440. the nearest levels of the CADCHF pair that can be considered today are the level of 0.7460 above and the level of 0.7410 below. If the upper level is broken through, the price will most likely go to the level of 0.7490, and when the lower level is broken through, the price will go to the level of 0.7390.
we look at how the price will behave at these levels and, based on this, we make one or another decision.