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The SNB stunned markets in January 2015 by reversing the 1.20 francs per euro cap, thus uncoupling the Swiss franc. The currency soared immediately to multi year highs against virtually all other majors breaking support/resistance trend lines in the process. CADCHF tested the 2015 lows again last month and held support (double bottom) and is likely to test the multi year support trend line turned resistance between 0.7640 and 0.7740. However, current price action suggests a pullback to 0.7120, t…
