CAD/CHF Price Analysis: Bulls target a break of the 50-day EMA

• CAD/CHF is on the verge of a bullish correction. 
• Bulls can target a confluence of the 38.2% Fibonacci, prior support and the 21-day EMA.

CAD/CHF has stalled at a daily support area and would be expected to move in on the prior support structure and target a 38.2% Fibonacci retracement that has a confluence of the 21-day EMA.

The following illustrates the bullish bias:

Daily chart

With that being said, the bulls will need to get over the 50-day EMA first. At that point, the lower time frames can be monitored for a vantage point and bullish market structure to take advantage of.