Where will CAD/CHF go?
Tag - chf - swiss franc
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here.
On the daily chart, the pair has been rising.
Technical analysis of GBP/CHF
Technical analysis of CAD/CHF
On the daily chart of CAD/CHF, the pair is near the resistance of 0.7490.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
The week was tough for risky assets due to the outbreak of coronavirus. Let’s see which currency pairs showed the best and the worst performance.
On Wednesday, January 15, USD/CHF fell to the minimal level since September 2018. The pair declined after the United States put Switzerland on the watch list as a currency manipulator.