The CAD Has Fallen Out of Favor

٢٥ أكتوبر ٢٠١٩

The CAD has experienced a long bullish run and it is approaching a known supply area. There is some weary news coming up for Canada in the near future ( I think we all know what that is). In combination with that, Canada has a minority government when fiscal policy intervention is heavily needed. The CHF has been struggling, but I think this isn't due to medium to long term problems and we will see the safe haven shine again in the short-term. Let's see if my analysis is correct as we are already seeing the heavy short volume on the daily timeframe. As always, trade at your own risk.