CADCHF - Short Setup at Key Resistance

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The CADCHF pair just entered a notable resistance zone that has times before acted as a supply zone, leading to bearish movements. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move.

If sellers take control at this level, the pair could move downward, with a target around the 0.63230 level.

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