The CADCHF currency pair has been consistently closing above the significant support level at 0.6445. This trend has allowed the pair to initiate a bullish trajectory, with the current consolidation occurring near 0.6555. Additionally, the stochastic indicator has moved into the oversold region, which signals the alleviation of negative pressures and the potential for the price to regain positive momentum. This could increase the likelihood of further gains, with initial targets set at 0.6610 and 0.6675.
The anticipated trading range for today is projected to fluctuate between the support level at 0.6500 and the resistance level at 0.6610, reflecting the prevailing bullish sentiment.
Current Trend: Bullish