CADCHF is trading in a channel since March 10 with a fake breakout on March 19.
CAD is heavily related to Oil prices, as soon as Oil finds its bottom CAD should rise again.
However recent news regarding Corona Virus and Oil prices seem to have a stronger sentiment to the downside,
nevertheless i believe there is some 'long' potential if the channel support holds at around 67.5
CAD is heavily related to Oil prices, as soon as Oil finds its bottom CAD should rise again.
However recent news regarding Corona Virus and Oil prices seem to have a stronger sentiment to the downside,
nevertheless i believe there is some 'long' potential if the channel support holds at around 67.5