CADCHF SELL
🚨 **CAD/CHF: Strong downtrend despite fundamental divergence!**
The pair keeps dropping, but a correction could offer a better short entry. Here's my full breakdown 👇
🔎 **CAD/CHF Analysis – Ongoing Tech/Fundamental Divergence**
📉 The trend on **CAD/CHF** remains clearly bearish and has been intact for several weeks. We’ve broken key levels multiple times, notably **0.61990**, which was retested and then broken again. Most recently, a short-term support around **0.59600** has also been breached, reinforcing the bearish momentum.
🕵️♂️ I’m currently watching for **a corrective move** to get a cleaner entry for shorts. However, **client sentiment is largely short**, which isn’t ideal if we expect an immediate continuation — risk of overcrowding.
📊 On the **fundamental side**, rate differentials favor the Canadian dollar, but the **Swiss franc remains highly attractive**, especially in a risk-off environment. That’s where things get tricky: **technicals are strongly bearish**, yet **fundamentals would suggest a potential rebound for CAD/CHF**.
🔁 For now, **there’s no clear technical trigger** for a long-term bullish reversal. As long as that remains the case, I maintain a **bearish bias**, waiting for a potential pullback to re-enter short.
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