The closest is the 20 day average, which is 50.6 pips away.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
This imputes a buy/sell ratio of 0, which is quite bearish.
This imputes a buy/sell ratio of 0.43, which is bearish.
On top of that, there is an inverse head and shoulders formation happening!
Dan jangan lupa hati2 akan news / fundamental untuk minggu ini, harus selalu update….
Compared to its peers in the forex, cad/chf gave its buyers a return that ranked 23rd in terms of percentage change since yesterday.
The closest is the 20 day average, which is 67.2 pips away.
Or to simplify this another way, note that out of the past 10 days cad/chf’s price has gone down 6 them.
As for the rationale, technical traders seem to be citing the appearance of fibonacci and wedge technical patterns.