basquefxb1

CADCHF Long - Retracement

Long
OANDA:CADCHF   CAD/CHF
CAD is strengthening because of the strong oil numbers. CAD also recently raised rates.
CHF is a weaker currency generally. It was strong earlier int he week because of a risk-off tone. That tone is waning a bit.

The pair has tested the 38% level twice. We can probably expect it to continue to rise for the next session.

Need to be careful with news out of N. Korea.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.