CADCHF Is At The Decision Stage



The currency pair, which was under the downtrend, accelerated its downward movements again with the stagnation of the rise in crude oil prices. While we are following the 0.6705 support in the parity, which tests the lower band of the formation, if this region cannot end the declines, the downward movements can gain momentum and target 0.6665 and 0.6625 supports. On the other hand, there may be recovery towards the level of 0.6745 in the permanence that can be achieved above the 0.6705 support.