CAD/CHF has shot up like all other XXX/CHF pairs, but has fallen back against the last major resistance area that it cleared in the form of 0.88. The pair looks like it could run to the upside with a good global risk on environment, and while we don't expect miracles, this pair could be a good way to play risk taking globally. We certainly wouldn't be selling this pair!
NZD/CAD is grinding lower, but approaching a massive level in the form of the 0.80 handle. The pair has been making wide ranges, but changing little at the daily close. Because of this, we feel quick buys on dips could be the way to play it, at least until we close below the 0.80 handle.
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