Something big looks to be going down across CAD pairs

Matt Simpson financial analyst
By :  ,  Market Analyst

In today’s video we look at six CAD pairs which clearly show the Canadian dollar is being favoured by bulls at the moment. A strong employment report adds further pressure for the BOC to tighten policy sooner which has helped AUD/CAD and NZD/CAD break to new lows. But even USD/CAD is looking weak at its highs whilst CAD/CHF printed a notable bullish engulfing candle yesterday – which is not bad considering CHF has been one of the strongest currencies of late.

 

 

 

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