Canadian Dollar vs. Swiss Franc
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CADCHF: Pullback from Key Level

690
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CADCHF is testing a major weekly structure resistance.
Taking into consideration that the market is quite overbought, chances are high to see a pullback from that.

Your confirmation will be a bearish breakout of a rising parallel channel on 4H.
While the price is within, the market remains sharply bullish.

The breakout will signify a local shift in market sentiment and will push the pair to local structure level.

First goal will be - 0.732


In case of a bullish breakout of the underlined resistance, setup will be invalid.
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Check my new analysis on EURUSD:
EURUSD: Breakout & Bearish Continuation

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