CADCHF on the M30 time-frame

CAD/CHF may rise 28 - 41 pips

Pivot point is at 0.7365.

Our preference
Rebound.

Alternative scenario
Below 0.7365, expect 0.7342 and 0.7329.

Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (0.7387) but under its 50 period moving average (0.7399).

Supports and resistances
0.7461 **
0.7447 *
0.7433 **
0.7420
0.7392 last
0.7374
0.7365 **
0.7342 *
0.7329 **

Number of asterisks represents the strength of support and resistance levels.