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FxWirePro: CAD/CHF on track to close higher for the 3rd straight week, bias higher

CAD/CHF chart on Trading View used for analysis

  • CAD/CHF hovers around 110-EMA, intraday bias higher.
     
  • The pair is on track to close higher for the 3rd straight week.
     
  • Momentum studies are bullish, RSI sharply higher, MACD supports upside.
     
  • Focus on Canada inflation data due later today for further impetus.
     
  • Analysts expect headline inflation to be depressed by the slump in energy prices.
     
  • A drag on core figures, given the persistently weak wage growth could add to pressure on BoC.
     
  • Immediate support is seen at 110-EMA at 0.7488. Break below 5-DMA at 0.7456 could see further weakness.
     
  • Decisive break above 110-EMA to see test of 200-DMA at 0.7558.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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48.6 %

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2016 bln ARS

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January 31 00:00 UTC 811962811962m

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2016 bln ARS

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January 22 19:00 UTC 823782823782m

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January 31 00:00 UTC 811962811962m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 823782823782m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 811962811962m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 811962811962m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 811962811962m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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