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Why CADCHF ?

by Ashraf Laidi
Feb 6, 2009 12:31

Why CADCHF ? - CADCHF Feb 6 (Chart 1)

CADCHF downside seen as the preferred bearish strategy ... after Canada's record 129K decline in jobs and rise in unemp rate to 7.2% from 6.6% knocks CAD across the board. CHF is most likely to see a bounce against CAD after faring as one of the worst performers over past 2 days amid 10 currencies. Relief CHF bounce seen most likely vs CAD, dragging CAD down to 0.92 and 0.9075. CMC Markets offers CADCHF as a trading pair. Alternative is to buy USDCAD and sell USDCHF.

 

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