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HomeLatestCADCHF Surpasses the Barrier – Forecast for July 2, 2024
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CADCHF Surpasses the Barrier – Forecast for July 2, 2024

CADCHF Price Analysis:

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Expected Scenario:

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The CADCHF price initiated a new bullish rally, surpassing the 0.6563 barrier and settling above it, indicating its readiness to continue the bullish trend by targeting the 0.5690 level. Despite a current negative rebound suggesting a temporary lack of positive momentum, stochastic indicators hint at a potential boost in momentum. Once this occurs, it is expected to enhance the bullish trajectory, leading to additional gains starting at 0.6625 and potentially reaching 0.6670 on a medium-term basis.

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Expected Trading Range:

Today’s anticipated trading range for CADCHF is between 0.6565 support and 0.6625 resistance.

Trend Forecast: Bullish

In summary, CADCHF is expected to maintain its bullish trend, with critical resistance levels at 0.6625 and 0.6670. Traders should monitor the price action closely, particularly in relation to stochastic momentum indicators, to confirm the continuation of the bullish track and potential additional gains.

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