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Cadchfidea

CADCHF SHORTAs we can see with the last trades NFP price has not created explosive moves on USD pairs until Monday and Tuesday this week. As far as this pair the CadChf has showed exhausted bulls. Price had a 0.78131 high back in May this year but the trend wasn't established until price decided not to break that high coming short of the high making a lower high at 0.77980 which means we have been in a downtrend with slight pullbacks until late September price had broken out of the trend line making a correction which seems to come to an end as of now
Short
by hollowbanks412
cadchf buy long positionThe Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
Long
by Verifiedtrader07