Canadian Dollar/Swiss Franc
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CADCHF - Bullish Bias

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CAD - BULLISH
1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month.
2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs.

CHF - BEARISH
1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.

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Technical
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We are looking to buy the CADCHF at support + above SMA 50 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.
取消訂單
DELETE PENDING ORDER

CADJPY hit pending order first.

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