I have taken a short position on CADCHF as the pair continues its bearish trend. Despite the expected 0.25 basis point rate cut from the SNB today, CAD remains weaker overall due to tariff sanctions, adding to the downside momentum. The price action has consistently shown a continuation of bearish break of structures, with clear sell-side pressure. We can observe pullbacks followed by strong sell-offs, indicating sustained weakness. Lows are now approaching a retest, reinforcing the bearish outlook.
Trade closed: stop reached
Due to rate cuts in CHF we can see, CHF went bearish
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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.