CADCHF: Break lower - wait for the retests

FX:CADCHF   Canadian Dollar/Swiss Franc
Good Morning,

A very bearish morning for CAD/CHF as price has fallen from the descending trendline and seems to have broken the key level of support, I will be waiting for a retest of the support now turned resistance before looking for a short entry.

My view of what could happen is laid out on the chart as simply as possible.

Let me know what you think!


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