CADCHF ! False breakout 0.7525

CADCHF is trading in a fairly wide and global range between 0.75256 and 0.72000. The price has been testing the upper level for a long time, so I expect that it will not be broken the first time.

I assume a false breakdown, followed by price fixing below the level and falling to a strong support of 0.7421

Sincerely, R. Linda!

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+50 pips in moment