CAD/CHF Market Outlook – May 14, 2025
CAD/CHF remains in a bullish structure on the 4H chart, with price currently hovering near 0.6010 after rejecting resistance at 0.6032. The pair is testing the 61.8% Fibonacci retracement and holding just above a rising trendline and the WMA, which converge around the 0.5980–0.5994 zone. Momentum has flattened, with RSI at 52 and MACD showing neutral bias, indicating a potential pause before the next directional move. As long as the pair holds above trendline support, the bias remains cautiously bullish with upside potential back toward 0.6032 and 0.6060.
On the fundamental side, markets are awaiting Canada's Building Permits release for March, due later today. The forecast shows a decline of -0.7%, compared to a previous 2.9% rise — a potentially bearish signal if confirmed, as it would point to weakening investment sentiment in construction and real estate. However, until actual data is released, CAD traders may remain reactive rather than proactive. If the print disappoints, CAD could come under renewed pressure and push CAD/CHF below the 0.6000 handle. A better-than-expected number, on the other hand, may provide enough support for the loonie to retest recent highs.
CAD/CHF remains in a bullish structure on the 4H chart, with price currently hovering near 0.6010 after rejecting resistance at 0.6032. The pair is testing the 61.8% Fibonacci retracement and holding just above a rising trendline and the WMA, which converge around the 0.5980–0.5994 zone. Momentum has flattened, with RSI at 52 and MACD showing neutral bias, indicating a potential pause before the next directional move. As long as the pair holds above trendline support, the bias remains cautiously bullish with upside potential back toward 0.6032 and 0.6060.
On the fundamental side, markets are awaiting Canada's Building Permits release for March, due later today. The forecast shows a decline of -0.7%, compared to a previous 2.9% rise — a potentially bearish signal if confirmed, as it would point to weakening investment sentiment in construction and real estate. However, until actual data is released, CAD traders may remain reactive rather than proactive. If the print disappoints, CAD could come under renewed pressure and push CAD/CHF below the 0.6000 handle. A better-than-expected number, on the other hand, may provide enough support for the loonie to retest recent highs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.