Canadian franc is moving on the four-hour time frame in a downward direction after the crisis that occurred in the markets last month as a result of the outbreak of the Krone virus in addition to the drop in oil prices, which negatively affected the Canadian currency Especially in front of the Swiss franc as a safe haven
The pair fell from 0.7445 levels to 0.6600 levels to achieve a new historical low
The pair has been able in the past two weeks to form an upward price behavior, which is higher than higher levels and bottoms than lows, which predicts the possibility of the price to rise again
In addition to forming a reflexive pattern, which is the head and shoulders with a broken neckline
So the price is expected to rise to reach 0.7065-0.7110 levels
The trading range is 0.6915-0.6840
Expected bullish trend
