MonsunAsia

CADCHF - Bearish Bias

Short
MonsunAsia Updated   
FX:CADCHF   Canadian Dollar/Swiss Franc
CAD - BEARISH
1️⃣ Rising US-China trade tensions after Reuters reported the US was planning sanctions on some Chinese officials over Hong Kong.

CHF - BULLISH
1️⃣ The dollar remained under pressure amid progress towards a Covid-19 vaccine and further stimulus.
2️⃣ The Swiss National Bank will most likely leave interest rates unchanged at a record low when it meets next week.

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Technical
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We are selling the CADCHF on 0.69550 + below SMA 50 on the H1 chart.
Trade active
Trade closed manually:
✅Close Manually At 0.69350

+20 PIPS

Recovery process from yesterday losses.

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