CAD/CHF may fall 20 - 29 pips.

CAD/CHF may fall 20 - 29 pips.

Our pivot point is at 0.5733.

Our preference : Under pressure below 0.5733 Alternative scenario Above 0.5733, look for 0.5748 and 0.5757.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and positive.

The MACD must penetrate its zero line to expect further downside.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5715 and 0.5713).