CAD/CHF Trading Analysis (25/06/2024)

The trend is down. The pair is trading in a range between 365 and 135 EMA. The ascending truncated wave structure ended with the breach of the descending channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading idea:

Buy at the breach of 0.6528.

Stop-loss at 0.6550.

Target price levels at 0.6500 and 0.6450.

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