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.
CHF - BULLISH
1️⃣ The risk-off tone likely to remain supported the safe-havens flow.
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TECHNICAL
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- We are looking to short CADCHF on SBR level + SMA100 area on H1 chart.
- CADCHF in bearish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-off.
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.
CHF - BULLISH
1️⃣ The risk-off tone likely to remain supported the safe-havens flow.
=====
TECHNICAL
=====
- We are looking to short CADCHF on SBR level + SMA100 area on H1 chart.
- CADCHF in bearish zone.
=====
RISK TO THIS TRADE
=====
- This trade will hit stop loss if market sentiment turns to risk-off.
Trade closed: target reached