CADCHF: At the Top of 2-Year Range

CADCHF: is currently trading between .766-.770 range as the pair is at the top of the 2-year range. The 2-year range ranges between .780 and .700. The pair may try to push higher as the uncertainty in USD continues. This is because the Canadian dollar is backed by the US dollar;Thus, the CAD will weaken pushing CADCHF higher.

Strategy:

Plan A: Buy at .760, Target Price .790 , Stop Loss .750

Plan B: Sell when price is below .748, Long-term sell

Weekly Chart

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