CADCHF Analysis, July 14, 2025
CADCHF on the M15 timeframe shows signs that the price is starting to strengthen and exit the consolidation phase. This can be observed from the price breakout that penetrated the moving average line upwards, as well as the formation of a new swing high. The price then pulled back and retested the breakout area, which now serves as a new support zone. This zone is marked by the green box on the chart and, interestingly, is located directly above the moving average line. This creates a "confluence zone," a meeting point between horizontal support and dynamic support, which often becomes an area of very strong price reaction. We can try to buy now with a stop-loss placed at 0.5808 and a take-profit at 0.5832.