The Bank of Canada has been rising the interest rates in the last months and is expected to continue in the coming months in an effort to combat inflation. This will make Canadian assets more attractive to investors, which could lead to increased demand for Canadian dollars and a higher CADCHF exchange rate. Technical S/R levels on the daily confirm the thesis. ...
Oil in 5 years high levels, strength for CAD and the Fibo levels retested, Bank of Canada (BoC) reports will rise the flag in the morning to release the bear herd.🚩