The CAD/CHF currency pair has managed to shake off recent downward pressures and is currently holding steady above the additional support level at approximately 0.6445. This development increases the likelihood of activating a bullish trajectory, potentially recovering recent losses, with the pair having touched the 0.6545 level.
Moreover, the Stochastic indicator’s departure from oversold levels adds further confirmation to the diminishing negative pressures and signals the gathering of positive momentum. This could potentially lead to the pursuit of favorable targets in the form of upward movements towards 0.6635, with potential resistance levels at 0.6740.
The anticipated trading range for the day is expected to fall between 0.6475 (support) and 0.6600 (resistance).
In summary, the expected trend for today is bullish, suggesting that the CAD/CHF pair may experience further upward movements in the near term.