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.


GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Urban studies: Doing research when every city is different
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Wall Street Analysts Weigh in on Latest NFP Data
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
FxWirePro- Major Crypto levels and bias summary
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 



