KarYong

CADCHF: 2 Potential Shorting Opportunity

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
We have two advanced price pattern setting up. Fundamental aspect on BoC is currently slightly hawkish. Having said that, one needs to track on the oil prices closely, and with the current sentiment is shifting towards risk-off (in view of global equities market), we can expect more bearish momentum towards the downside.

News to note: CAD unemployment data on Friday.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.