CAD/CHFShort
CADCHF, Sell - Deadline Jan 27th
CAD/CHF Trade Setup
We’re seeing temporary strength in the Canadian Dollar due to businesses stockpiling ahead of anticipated trade restrictions and tariffs, along with political shifts like Trudeau’s resignation. However, this momentum is likely to fade as stockpiling slows, oil prices stabilize, and safe-haven demand for the Swiss Franc picks up.
The chart indicates potential rejection from resistance levels, with bearish price action signaling further downside. We anticipate CAD/CHF to revisit the key support zone around 0.62382 (Deadline Jan 27th) as market sentiment shifts.
Stay patient and manage risk as we hold the sell, looking for confirmation of continued weakness.
We’re seeing temporary strength in the Canadian Dollar due to businesses stockpiling ahead of anticipated trade restrictions and tariffs, along with political shifts like Trudeau’s resignation. However, this momentum is likely to fade as stockpiling slows, oil prices stabilize, and safe-haven demand for the Swiss Franc picks up.
The chart indicates potential rejection from resistance levels, with bearish price action signaling further downside. We anticipate CAD/CHF to revisit the key support zone around 0.62382 (Deadline Jan 27th) as market sentiment shifts.
Stay patient and manage risk as we hold the sell, looking for confirmation of continued weakness.
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📈 Free Telegram: t.me/global_horns
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