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.
===== 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.