Canadian Dollar/Swiss Franc
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CADCHF - Bullish Bias

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CAD - BULLISH
1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26.
2️⃣ Rallied oil prices underpinned the CAD.

CHF - BEARISH
1️⃣ Risk-on tone weighing on the safe-havens CHF.

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Technical
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We are looking to buy the CADCHF on the RBS + above SMA50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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