CAD/CHF strong upside to come to 0.7303 - But we need to wait

9 มิ.ย. 2023

Inv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair.
There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart.
We need to wait for the higher low to form (right shoulder).
Then for the price to break above the neckline and it will be breaking above the medium term downtrend.
7>21
Price<200
RSI>50
Target 0.7303

INTERESTING FACT!

Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/

No not that! lol But I know you're thinking it.

The name "loonie" originates from the bird depicted on the one-dollar coin.

The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname.

The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.