U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Iran Unrest Sparks Oil Rally — Bounce Off EMA, Buy Dips to $66.40 Glory 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
AUDJPY Smashes 30-Month Peak — Buy the Dip, 112 in Sight 
Wall Street Analysts Weigh in on Latest NFP Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
CAD/CHF chart on Trading View used for analysis
- CAD/CHF is extending weakness on the day after minor recovery attempts on Thursday were capped at daily cloud.
- The pair trades with a bearish bias on the intraday charts and we see scope for weakness.
- Price action is below daily cloud and major moving averages and we see convergence with RSI and Stochs.
- The pair has broken below 200W SMA and close below for the week confirms further downside.
- Next major bear target lies at 0.7355 (trendline support). While retrace above 200-DMA negates bearish bias.
- Focus on Canadian monthly GDP data due later in the day for fresh impetus.
Support levels - 0.7395 (June 22 low), 0.7355 (trendline)
Resistance levels - 0.7501 (5-DMA), 0.7516 (200W SMA), 0.7557 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
