CADCHF Bullish Outlook Ahead of SNB Rate Decision
CAD/CHF recently completed a bullish harmonic pattern near 0.6055, and the initial price reaction has been promising so far.
With the Swiss National Bank (SNB) expected to cut rates by another 25 basis points tomorrow—from 0.5% to 0.25%—this development may weigh on the CHF. While this rate cut might not necessarily trigger a strong bullish wave for CAD/CHF, it certainly creates a less favorable outlook for the Swiss Franc.
Given the ongoing volatility, it’s prudent to adopt a conservative approach. Conservative targets for CAD/CHF are set at 0.6185, 0.6225, and 0.6265, in line with the current market conditions.
You may watch the analysis for further details!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD/CHF recently completed a bullish harmonic pattern near 0.6055, and the initial price reaction has been promising so far.
With the Swiss National Bank (SNB) expected to cut rates by another 25 basis points tomorrow—from 0.5% to 0.25%—this development may weigh on the CHF. While this rate cut might not necessarily trigger a strong bullish wave for CAD/CHF, it certainly creates a less favorable outlook for the Swiss Franc.
Given the ongoing volatility, it’s prudent to adopt a conservative approach. Conservative targets for CAD/CHF are set at 0.6185, 0.6225, and 0.6265, in line with the current market conditions.
You may watch the analysis for further details!
Thank you:)
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.