CADCHF - D1

Wednesday, September 2, 2020 6:24 PM

In the CADCHF currency pair in daily time frame, we see that the price is moving in an upward direction. But there are two resistance lines in the price movement that we have to wait for the price reaction to them. In the first case, the price can hit the initial resistance line and from here the price will start to fall and the target of this fall can be 0.6805. But in the second case, the price can cross this resistance line. In this case, the price can rise to the resistance line at 0.7187 and then fall to 0.6851.