CAD/CHF Friday short or long, wait for the news
on H1 we have a good decending channel lower but there is resistance at the moment on the 0.6920. We have some Canadian employment data tomomorrow which if a better than expected result may see Loonie go higher and strike out past 0.6950.If it breaks then a definate rally to 0.7000 would be the next target. It can be a slow burner this pair but with the right impetus we can get movement.
If the job news dissapoints then I'm sure we will see the bears in control and get some 30-40 pips movement. If thats the case then a TP of 0.6880 would be a good target.
This one performs quite well on the fundamentals. Keep your ears open for the reports at 1.30pm UK time for a potential trade.
If the job news dissapoints then I'm sure we will see the bears in control and get some 30-40 pips movement. If thats the case then a TP of 0.6880 would be a good target.
This one performs quite well on the fundamentals. Keep your ears open for the reports at 1.30pm UK time for a potential trade.