CADCHF - Bullish Bias
Updated
CAD - BULLISH
1️⃣ Boosted by higher oil prices, a weaker dollar and a brighter economic outlook as Canada begins its COVID-19 vaccination campaign.
2️⃣ The Bank of Canada left interest rates at a record low and kept asset purchases steady at $4 billion a week while reinforcing its commitment to provide the monetary policy stimulus needed to support the economic recovery.
CHF - BEARISH
1️⃣ The SNB held interest rates unchanged at a record low during its December meeting and pledged to intervene more strongly in the foreign exchange market to stop the rise of the highly valued franc.
2️⃣ Improved in risk sentiment weighing on the CHF.
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Technical
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We are buying the CADCHF above the support of 0.69500 + above the SMA 50 on the H1 chart.
1️⃣ Boosted by higher oil prices, a weaker dollar and a brighter economic outlook as Canada begins its COVID-19 vaccination campaign.
2️⃣ The Bank of Canada left interest rates at a record low and kept asset purchases steady at $4 billion a week while reinforcing its commitment to provide the monetary policy stimulus needed to support the economic recovery.
CHF - BEARISH
1️⃣ The SNB held interest rates unchanged at a record low during its December meeting and pledged to intervene more strongly in the foreign exchange market to stop the rise of the highly valued franc.
2️⃣ Improved in risk sentiment weighing on the CHF.
=====
Technical
=====
We are buying the CADCHF above the support of 0.69500 + above the SMA 50 on the H1 chart.
Trade active
Trade closed: stop reached
❌ TRADE HAS HIT STOP LOSS-25 PIPS
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