Canadian Dollar/Swiss Franc (CAD/CHF) Exchange Rate
CAD/CHF Pivot Points
CAD/CHF Latest Updates
Canada’s economy struggled before the Covid-19 outbreak, issues were intensified after oil prices collapsed, and the problems persist today.
Japan’s Prime Minister Abe decided to lift the state of emergency for Tokyo, while the government is considering a second stimulus worth ¥100 trillion.
Canada is faced with a more significant mortgage default crisis than after the 2008 global financial crisis, which originated in the US housing sector.
Oil prices may have reached a bottom after OPEC+ announced an unprecedented supply cut of 9.7 million barrels per day,
Canada’s economy was in dire shape to start the year, with GDP expanding a dismal 0.1%.
Canada announced an C$82 billion economic aid package, or 3% of GDP, in response to Covid-19.
After the Bank of Canada announced an emergency interest rate cut of 50 basis points to 1.25%, mirroring a comparable cut
Financial markets continue to dismiss the threat to the global economy posed by Covid-19, which continues to spread, cases soar, and the death toll rises.
Oil prices remain depressed, and OPEC+ may not rush in to attempt to stabilize the sell-off just yet.
After the Bank of Canada kept its interest rate unchanged at 1.75%, in a move widely anticipated by financial markets,
Following a price spike in this currency pair, which led to a brief move above its short-term resistance zone, a bearish chart pattern emerged.
Volatility is anticipated to increase after traders return from their Christmas holiday break and start their 2020.
Today’s Swiss National Bank interest rate announcement is expected to show no change; Switzerland, together with Denmark, is home to the lowest global interest rate at -0.75%.
Bullish momentum in the CAD/CHF is fading as this currency pair eclipsed its entire Fibonacci Retracement Fan, but ran into a strong resistance zone.
As the risk-on mood is temporarily decreasing demand for safe-haven assets like gold and the Swiss Franc, more upside is expected in the CAD/CHF after the breakout
Following comments out of the Bank of Canada that an interest rate cut may follow soon, the Canadian Dollar collapsed as forex traders adjusted their positions
As the aftermath of Monday’s Canadian election results, which left incumbent PM Trudeau with a minority government, the Canadian Dollar remain resilient
CAD/CHF: More upside to follow breakout
The Canadian Dollar is faced with a rise in bearish momentum, partially due to the political uncertainty about the election outcome.
A breakdown below its resistance zone has ended the uptrend in the CAD/CHF.