CAD - BEARISH
1️⃣ investors digest prospects of further economic stimulus in the US, lower oil prices and concerns over rising coronavirus infections and the economic impact of lockdowns around the world.
CHF - BULLISH
1️⃣ Fading hopes for rapid approval of the long-awaited US economic stimulus plan comes amid growing market worries about the potential economic fallout from the continuous surge in coronavirus cases.
2️⃣ Escalating US-China tensions in the South China Sea, further weighed on investors' sentiment and dampened the market mood.
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Technical
=====
We are selling the CADCHF at resistance + below SMA 50 on the H1 chart.
1️⃣ investors digest prospects of further economic stimulus in the US, lower oil prices and concerns over rising coronavirus infections and the economic impact of lockdowns around the world.
CHF - BULLISH
1️⃣ Fading hopes for rapid approval of the long-awaited US economic stimulus plan comes amid growing market worries about the potential economic fallout from the continuous surge in coronavirus cases.
2️⃣ Escalating US-China tensions in the South China Sea, further weighed on investors' sentiment and dampened the market mood.
=====
Technical
=====
We are selling the CADCHF at resistance + below SMA 50 on the H1 chart.
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✅ TRADE HAS HIT TP
+20 PIPS
+20 PIPS