CADCHF: A Local Bullish Reversal in Sight?
A bullish reaction has emerged at a key daily support level on the CADCHF chart.
After testing the highlighted blue zone, the price entered a consolidation phase, forming a horizontal range on the 4-hour timeframe.
The breakout above the resistance level signals strong buying pressure, suggesting a potential bullish trend continuation toward the 0.6340 target.
After testing the highlighted blue zone, the price entered a consolidation phase, forming a horizontal range on the 4-hour timeframe.
The breakout above the resistance level signals strong buying pressure, suggesting a potential bullish trend continuation toward the 0.6340 target.
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