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CADCHF - Descending channel

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Canadian Dollar/Swiss Franc (FX:CADCHF)  
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FX:CADCHF   Canadian Dollar/Swiss Franc
Support and Resistance Trend Lines Parallel Channel Forex forextrading forexsignal cadchfshort shortsetup tradingstrategies tradingtips forexnews Contains image
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supportandresistance trendline parallelchannel forex forextrading forexsignal cadchfshort shortsetup tradingstrategies tradingtips forexnews containsimage
The price moves in a descending channel and has reached the upper part of the channel and a strong resistance level. It is expected to move downwards and target previous support levels as well as the lower part of the channel.

1D descending channel:
snapshot

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