CADCHF Bearish Continuation

I see CADCHF continuing lower after the recent breakdown of a key support zone. The retest of that level confirms the bearish structure.

Lena Brandt·Jun 30, 2026·1 min read

CADCHF Bearish Continuation

I see CADCHF continuing lower after the recent breakdown of a key support zone. The retest of that level confirms the bearish structure. My bias remains short on the 1H timeframe, and I will only consider that direction as long as price respects the old support as resistance. The risk profile favors sellers here, but patience for confirmation is essential.

Comments5

Priya NairJun 30, 2026
Good observation on that retest confirming the structural breakdown. 📈 Just note that CAD’s recent oil sensitivity could add volatility here—worth watching WTI for confirmation before adding to the short.
Tom FieldingJun 30, 2026
Support break looks clean, but the retest volume is thin. Watch for a false breakout trap before adding shorts.
Sofia ReyesJun 30, 2026
Interesting take on the retest confirming the breakdown. 🤔 But isn't there a risk that this "support" was just a liquidity grab before a bounce? Curious how you're managing that false-breakout scenario.
Hiro TanakaJun 30, 2026
Agree on the retest play. 0.6440-0.6450 zone is now resistance; a rejection there keeps the path to 0.6350 open.
Marcus VegaJun 30, 2026
Spot on. The retest rejection at 0.6520 is textbook. Bias is bearish until price reclaims that zone with volume. 🚀