FX.co ★ alfred.lehner | CAD/CHF

Hello traders, they continue to keep the price of the CAD/CHF pair in the sell zone of the Envelopes indicator on both the hourly and four-hour timeframes below the resistance levels of 0.5659 and 0.5668 respectively. Currently, the CAD/CHF pair is trading at a price of 0.5641. This means that technically nothing has changed for me. I am waiting for the price of the CAD/CHF pair to continue falling from the current level of 0.5641 to the support at 0.5601, where the bottom of the trading range on the four-hour timeframe is located. At the same time, the maximum retracement level is the resistance at 0.5659, but sellers should not allow the four-hour candle to close above the level of 0.5668, otherwise there will be a reversal.