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CADCHF: descending channel

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FX:CADCHF   Canadian Dollar/Swiss Franc
The exchange rate of the currency pair is currently moving within a descending channel on the daily timeframe, reaching the upper part of the channel. It has broken the trendline of the corrective movement, and the RSI is also showing divergence. Therefore, I anticipate a retracement back to lower levels.

Daily chart:

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Target 1 reached

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