CAD/CHF has a bearish pattern on H4 which starts X point Dec 14 and last point for it is 0.7395 to 0.7435 with a target of 0.722. Next support is 0.706 with a possibility to reaching 0.68 where I would look for a buy between 0.67 and 0.706
khansalarehsan
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@Erland, Hey mate, Hope you had a great holiday. Same here I would buy it around that area. Have a great day
Erland
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Happy New Year Ehsan,
Had some good time off, thank you. CAD is less affected by the spreads and monetary policy in the next 6 months and more dependent on oil and I believe Oil price analysis should come into equation when doing any CAD pair analysis. Currently oil is capped at 50 usd and year range is capped at 60-70 USD. So every oil price top should be CAD sell (as is now) and every return to low 40 or even top 30 - is a buy. CHF is also about to start getting weak against all pairs as it is getting too strong now. Another 100-200 pip drop on eur/chf would be about final strength. Same should apply on CAD/CHF