CADCHF - Bullish Bias
CAD - BULLISH
1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month.
2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs.
CHF - BEARISH
1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
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Technical
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We are looking to buy the CADCHF at support + above SMA 50 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 Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month.
2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs.
CHF - BEARISH
1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
=====
Technical
=====
We are looking to buy the CADCHF at support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
DELETE PENDING ORDERCADJPY hit pending order first.
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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.