Bullish rebound for CADCHF at least for the short-term

2023年8月24日

Commodity currencies such as the CAD, AUD, and NZD are all at all-time lows against the CHF. I have a feeling a risk-on appetite will overtake the market at least for the near future. I'm expecting a short-term bullish rise back to 0.66 area, as support appears to have been reached. From there, initial bias would be a continuation of the overall bearish trend, but we will have to wait and observe for confirmation.

2023年9月6日

註釋

The fact that this pair still has not breached below the May low price, and that we have witnessed a long, drawn out accumulation for the past month, leads me to believe that current support will hold, so it's likely upwards from here.

Again, in regards to a bullish bias, our first TP is .66, followed by .67, and then finally .68.

2023年9月12日

交易結束：目標達成

Price is close enough to 0.66, I'm going to go ahead and close the trade, while I'm in profit.