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Loonie At The Bottom Of The Alps

Indeed, CAD/CHF has been falling like a rolling rock from the Alps since mid-2012 and may have been bottoming out. With 3, yes, THREE!, untested scalar bottoms and a 4th, yes, FOURTH!, formed at 7900, there's no telling what could happen within the next few weeks. The possibility of retracement to 8100 is highly likely and even higher at 7900 if it does go way pass 78. SEE CHART HERE.