CADCHF Higher
Trying CADCHF higher here.
We've recently broken out of the 100 DMA which has been a good indicator of trend for a while.
I think the narrative has changed, CAD is doing well with a hawkish BoC and a good economy while i think that the SNB could disappoint on Thursday. CHF has been bought for a while on the basis of global growth worries which i think subsided a little recently with new china stimulus and overall global economies not rolling over in terms of hard data. Oil is mixed and but not suggesting lower either.
rate differentials are pointing higher which should help.
sentiment is starting to move higher and positioning is still fairly short on CAD which should help the move higher as well.
Not trading/investment advise, feedback welcome!
We've recently broken out of the 100 DMA which has been a good indicator of trend for a while.
I think the narrative has changed, CAD is doing well with a hawkish BoC and a good economy while i think that the SNB could disappoint on Thursday. CHF has been bought for a while on the basis of global growth worries which i think subsided a little recently with new china stimulus and overall global economies not rolling over in terms of hard data. Oil is mixed and but not suggesting lower either.
rate differentials are pointing higher which should help.
sentiment is starting to move higher and positioning is still fairly short on CAD which should help the move higher as well.
Not trading/investment advise, feedback welcome!
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