CAD - Strong Bearish 1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD. 2️⃣ The Canadian inflation rate for July is expected to decline following the decline in the price component of the PMI IVEY.
CHF - Strong Bullish 1️⃣ CHF benefited from safe-haven flows as investors sought protection due to negative sentiment.
===== Technical =====
We are selling the CADCHF below the resistance of 0.72500.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.