CADCHF Bullish Outlook In Development

CADCHF Bullish Outlook In Development

CAD/CHF recently completed a bullish harmonic pattern near 0.6055, and the initial price reaction has been promising so far.

From the our previous analysis we can see that CADCHF already reached the first target.

SNB rate cut certainly created a less favorable outlook for the Swiss Franc.

Given the ongoing volatility from Trum's tariffs, it’s prudent to adopt a conservative approach, however the price is well positioned to continur rising more as shown on the chart even if it moves down before the news today.

Key resistance areas: 0.6225 and 0.6265

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