CAD/CHF Tests Key Technical Resistance

 | Sep 23, 2013 07:06AM ET

In this daily CAD/CHFchart, the CAD found a bid just above the 0.8800 figure representing a76.4% retracement of the recent 0.8720 – 0.9064 range. Exit sell limits were elected around the 0.8866 area, a resistance level that represents the 23.6% retracement of the 0.9064 – 0.8808 (today’s Low) range. Upside price objectives remain 0.8892/ 0.8904/ 0.8933.