FX.co ★ alfred.lehner | CAD/CHF

The Swiss Franc in the CADCHF currency pair attempted to strengthen its position at the end of the week. Sellers managed to drop to 0.5690 but were repelled. Buyers were able to rise to 0.5705 before the close of trading, but it's too early to draw conclusions. Let's see how the new week starts; there might be some surprises. If the retreat from 0.5705 was only temporary, then a decrease in CADCHF to 0.5690 can be expected from current levels. Consolidation below 0.5690 will open the way for sellers to 0.5675 and 0.5660. If they don't stop at 0.5660, then the downward movement can continue to 0.5645, 0.5630, and 0.5615. A consolidation above 0.5705 could initially lead to an increase in CADCHF to 0.5720 - from there, there is a chance to return to a decline. If the bulls manage to consolidate above 0.5720, then the upward movement can continue towards 0.5735 and 0.5755. There are many attractive targets on the upside, but they can be considered after overcoming 0.5755.