MonsunAsia

CADCHF - BEARISH BIAS

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
CAD - BEARISH
1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns.
2️⃣ A fresh leg down in oil prices undermined the Loonie.
3️⃣ Ontario, the country’s most-populous province, cracked down on private social gatherings amid a spike in infections.

CHF - BULLISH
1️⃣ The European country has been hit by a second wave of coronavirus infections with countries like Spain and the UK considering imposing more restrictive measures.

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TECHNICAL
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- We're shorting this pair on SMA100 area + SBR level on H1 chart.
- CADCHF on bearish zone.

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