Buying CADCHF Strong technical indication for a bull run to 0.75
As per my previous post, I strongly believe that the USD will head higher, since Trump got elected as the 45th president of the USA the CAD has been following the USD. Aside from this basic reason, the Canadian economy is in great shape (at least for now).
On Wednesday the Retail Sales coming out from Canada will support the CAD but till then I expect this pair to head to around the area of 0.75, this is where my TP is.
Some technicals that suggest a move are a double bottom.
I advise you to analyze the pair yourself before you enter and use your own risk management to protect your capital.
On Wednesday the Retail Sales coming out from Canada will support the CAD but till then I expect this pair to head to around the area of 0.75, this is where my TP is.
Some technicals that suggest a move are a double bottom.
I advise you to analyze the pair yourself before you enter and use your own risk management to protect your capital.