FX.co ★ alfred.lehner | CAD/CHF

Hello traders! Sellers are not giving up on turning CADCHF to the south. They have dropped to 0.5720, but couldn't firmly establish below it right away. On the contrary, buyers are attempting to resume the upward movement. The main obstacles are currently located in the range of 0.5720-0.5700 for sellers and at the level of 0.5760 for buyers. A confirmation above (below) these levels may provide signals for a continuation of the breakout movement. If the price manages to hold above 0.5760, then buyers may continue the upward trend towards 0.5800-0.5815, and after surpassing these levels, towards 0.5840 and 0.5880-0.5900. If sellers can push the CADCHF price below 0.5720-0.5700, then the decline could extend towards 0.5650 and 0.5615-0.5600.