MonsunAsia

CADCHF - BULLISH BIAS

Long
FX:CADCHF   Canadian Dollar/Swiss Franc
CAD - BULLISH
1️⃣ Prime Minister Trudeau unveiled a plan to help the economy recovery from the coronavirus fallout, including a commitment to extend wage subsidies until next summer, and support for industries hardest hit by the pandemic.
2️⃣ The upbeat market mood at the start of the week seems to be making it difficult for the safe-haven USD to find demand.

CHF - BEARISH
1️⃣ Swiss National Bank kept interest rates steady and reiterated its willingness to intervene more strongly in the currency markets to stop the rise of franc.

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TECHNICAL
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- We are looking to long CADCHF on RBS level + SMA100 area on H1 chart.
- CADCHF in bullish zone.

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