The CAD/CHF currency pair is currently stuck in a massive range from the monthly timeframe, and this is gonna be hard to break, although it is worth noting that the price has already bounced odd the support (demand) and resistance (supply) zones several times now.
Zooming to the lower timeframes, we can see the price gradually ascending upwards towards the supply zone. This is indicated by the trendline on the 4 hour chart, which is currently being respected by the price. Hence, we can only take long positions for now, after carefully waiting for any corrections to end.
Zooming to the lower timeframes, we can see the price gradually ascending upwards towards the supply zone. This is indicated by the trendline on the 4 hour chart, which is currently being respected by the price. Hence, we can only take long positions for now, after carefully waiting for any corrections to end.