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CAD/CHF
The Canadian dollar – Swiss Franc pair has begun creating the shuffle pattern in which it is currently trading already in late August. The last ascent to the 0.99 highs completed the shuffle's ascending wave, whereas the descending wave currently present is near its completion as part of the typical shuffle movement. At this point we must start preparing for a new positive wave that will return the pair to the price highs of 0.99.
That said, we are not planning to compromise on an attractive price for the above buy deal, and thus we will wait with the buy order, placing it slightly under the last 0.9480 low. The realization goals have been placed relative to the 0.9730 and 0.9850 resistance levels, respectively.
