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CADCHF on major channel resistance, possible further drop

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Canadian Dollar/Swiss Franc (FX:CADCHF)  
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FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns CADCHF CAD chf cadchflong cadchfshort cadchfsell cadchfbuy cadchfidea Forex
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trendanalysis harmonicpatterns chartpattern cadchf cad chf cadchflong cadchfshort cadchfsell cadchfbuy cadchfidea forex
CADCHF is now testing our long term channel resistance once again and a further drop could occur from this level as it has respected the channel so well so far. Our 1st resistance is at 0.7438 (Fibonacci retracement, horizontal overlap resistance) and our next support is all the way down at 0.7368 (Fibonacci extension).

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