CADCHF - Bullish Bias
CAD - BULLISH
1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26.
2️⃣ Rallied oil prices underpinned the CAD.
CHF - BEARISH
1️⃣ Risk-on tone weighing on the safe-havens CHF.
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Technical
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We are looking to buy the CADCHF on the RBS + above SMA50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26.
2️⃣ Rallied oil prices underpinned the CAD.
CHF - BEARISH
1️⃣ Risk-on tone weighing on the safe-havens CHF.
=====
Technical
=====
We are looking to buy the CADCHF on the RBS + above SMA50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
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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.
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.