CAD/CHF HEADING TO UPWARD TO 0.8000 IN MEDIUM-TERM
16/07/2017
The CAD/CHF’s long-term exchange rate target zone confirms for the pair to move to upward. The medium-term exchange rate target zone also aligned, realigned and continuously realigned to upward by confirming the upward directional movement in medium and long-term.
The previous width of the medium-term exchange rate target zone managed by BoC and SNB is 9.00 % (0.6850/0.7750) for 850 PIPs. The pair pressured down to central band/central parity and aligned to upward at 0.7150.
Based on current exchange rate target zone, CAD/CHF will visit the level of 0.8000 in medium-term, the new upper medium-term band. Accordingly, long/buy on the medium-term exchange rate target zone 0.7150/0.8000 is recommendable. Long/buy from the lower to the upper bands of daily, weekly, monthly will be updated in this report. Short/sell not recommendable to avoid risk.
The CAD/CHF’s long-term exchange rate target zone confirms for the pair to move to upward. The medium-term exchange rate target zone also aligned, realigned and continuously realigned to upward by confirming the upward directional movement in medium and long-term.
The previous width of the medium-term exchange rate target zone managed by BoC and SNB is 9.00 % (0.6850/0.7750) for 850 PIPs. The pair pressured down to central band/central parity and aligned to upward at 0.7150.
Based on current exchange rate target zone, CAD/CHF will visit the level of 0.8000 in medium-term, the new upper medium-term band. Accordingly, long/buy on the medium-term exchange rate target zone 0.7150/0.8000 is recommendable. Long/buy from the lower to the upper bands of daily, weekly, monthly will be updated in this report. Short/sell not recommendable to avoid risk.
Canadian daily and weekly bands performance is mixed. Looking for USD/CAD and EUR/CAD at upper band and CAD/JPY and CAD/CHF at lower band to re-enter the market to long CAD/JPY and CAD/CHF and to short/sell USD/CAD and EUR/CAD in line to medium-term exchange rate target zone directionalmovement. Likely by tomorrow.