Background:
CADCHF
was knocked out of its long term range between 0.72 and 0.78 by the COVID's induced economic shock. It has then been on a medium term uptrend to its range highs. Current picture: After the sharp correction over the past week, bulls may well make another attempt at the highs above 0.7865
Crystal Balling: I expect such attempt to succeed given fundamentals supporting CAD momentum. Using long term support and resistances + fib confluence zones, the chart fit a potential price pattern for that scenario.