KarYong

CADCHF: 2 Potential Shorting Opportunity

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FX:CADCHF   Canadian Dollar/Swiss Franc
We have two advanced price pattern setting up. Fundamental aspect on BoC is currently slightly hawkish. Having said that, one needs to track on the oil prices closely, and with the current sentiment is shifting towards risk-off (in view of global equities market), we can expect more bearish momentum towards the downside.

News to note: CAD unemployment data on Friday.

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