Low level reached on both major and minor trend lines in CADCHF

CADCHF Analysis

CADCHF has reached the low level of both major and minor trend line ranges.

Oil prices downfall of 2$ as new covid-19 sparks across the globe.

Crude oil WTI barrel containing Full of oils in black color

Demand concerns will take worry for oil prices. Canadian dollar found weakness as Oil prices dip.

CAD currency becomes weak after oil fall.

However, In the CADCHF currency pair, the low level has reached in both the major and minor trend lines.

Wait for bounce-back or breakout.

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