CADCHF – BULLISH BIAS for FX:CADCHF by MonsunAsia



CAD – Bullish
1️⃣ The BOC is expected to announce the next tapering of the QE program to CAD 2 billion a week from CAD 3 billion a week.
2️⃣ The rapid vaccination program undertaken over the past few months has rapidly boosted the commodity market and the job market, reflecting a good economic recovery.
3️⃣ The recovery in oil prices helped the rise on the CAD. CHF – Bearish
1️⃣ The sharp decline in the EUR affected the CHF. =====
TECHNICAL
===== – Intraday setup on H1 chart.
– We’re buying this pair on breakout resistance area .
– Confirmation with bullish heikin ashi.
– Above SMA50. TRADE AT YOUR OWN RISK!!



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