CAD/CHF Price Overview
The CAD to CHF price recently surged to 0.6330 but couldn’t sustain its upward momentum. Yesterday’s daily candle closed bearish, pulling the price down to 0.6260.
Immediate Short-Term Levels
- Support Levels:
- 0.6250
- 0.6210
- Resistance Levels:
- 0.6290
- Next resistance at 0.6330
Key Factors to Watch
This week, the release of Canada’s Balance of Trade data for August, scheduled for October 8th, is significant. A stronger-than-expected report could bolster the CAD and influence price movements today. Click Here to get economic calendars, news, and events.
CAD to CHF Outlook
Despite yesterday’s bearish trend, we maintain a bullish bias on the pair. If the price turns bullish, it could retest 0.6330 and potentially target 0.6385 next. Conversely, if the momentum continues downward and the price drops below 0.6245, it may move toward the 0.6200 level.
This analysis combines technical support and resistance levels with fundamental drivers, highlighting the importance of monitoring upcoming economic data closely.
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