CADCHF

The Daily timeframe of theis presented in this analysis with a falling wedge chart pattern highlighted. A falling wedge is ideally bullish , but in this case, price consolidating and selling off at the upper boundary of the wedge implies bearish consequences. A bearish divergence on the Daily timeframe also argues for a sell off in theand trade is expected to last for weeks to months.Target for such a trade is the long term bullish trendline in theor the lower boundary of the wedge