Canadian Dollar/Swiss Franc
Panjang
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CADCHF - Bullish Bias

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CAD - BULLISH
1️⃣ Increase in oil prices should support the CAD.
2️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%.
3️⃣ The AstraZeneca vaccine was approved at the end of February.

CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.

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Technical
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We are looking to buy the CADCHF on RBS + 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.
Pesanan dibatalkan

Penafian

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