Canadian dollar versus Swiss franc

Consolidation takes place below a clearly defined resistance level, beyond which there are no immediate obstacles that would prevent the asset from easily covering a distance of 3, 4 or 5 to 1.

Yesterday, after some growth, the asset fell a little, but as the close approached, we approached the level again, showing the strength of the buyer.

I expect the accumulation below this level to continue for a few more hours before a breakout occurs. Also, volatility should decrease before the breakout.

Source link