CADCHF Long - Retracement
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.
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.
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