- CAD/CHF is likely on verge of a bullish breakout.
- Technical indicators for the pair are turning bullish.
- Price action has edged above major EMAs after bullish divergence on Stochs.
- Stochs have rolled over from oversold levels and RSI is also above 50 levels.
- The pair is currently trading muted after previous session's spike with stiff resistance at 0.7615 (nearly converged 200-DMA and cloud).
- Breakout there could see further bullishness. Scope then for test of 61.8% Fib at 0.7686.
- Rejection at 200-DMA could see retrace till 21-EMA at 0.7565. Violation there could see further weakness.
Support levels - 0.7580 (50-DMA), 0.7565 (21-EMA), 0.7506 (23.6% Fib)
Resistance levels - 0.7615 (200-DMA), 0.7631 (50% Fib), 0.7686 (61.8% Fib)
Recommendation: Good to go long on breakout at 200-DMA, SL: 0.7565, TP: 0.7630/ 0.7685
FxWirePro Currency Strength Index: FxWirePro's Hourly CAD Spot Index was at 112.802 (Bullish), while Hourly CHF Spot Index was at -73.8906 (Neutral) at 0720 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Woodies pivot (Major)
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: NZD/USD turns lower as USD regains footing 



