Technical analysis of CAD/CHF for October 31, 2016

Based on our previous analysis, CAD/CHF started to move lower. The pair broke below the 38.2% but hasn't tested next Fibs support level at 23.6% (0.7340).

Consider holding short positions while moving stop loss to break even (around 0.7430). Besides, consider selling while the rate in the supply area (0.7410 - 0.7390).

Support: 0.7340

Resistance: 0.7390, 0.7430

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