Chapter 32 CADCHF continue on the downtrend.
1/12/2022
Summary
Canadian dollar PMI drives the pair.
Fundamental analysis
In the coming hours, we have News on Canadian dollar Manufacturing. PMI With negative expectation at 48 Lower than the previous figure of 48.8 And on Friday, we have the unemployment rate.with negative expectations as well.for the Canadian dollar at 5.3% And also employment change at 5K On the other hand, we don't have any more news on the SwissFrank
Technical analysis
As we can see in the 4H diagram chart Market price is now at 0.70399 We expect the market to move up To the previous supply zone at 0.70760 Hit the trend line. And then continue down to the last demands zone at 0.60800
