CAD/CHF Smart Money Analysis- Bullish Bias:

– The pair currently exhibits a bullish bias, indicating that buyers are in control.
– The recent swing high has been breached, suggesting further upward movement.
– The Pair Searching Liquidity to Mitigate.

According to market analysis, CADCHF is currently showing a bullish bias. It has broken the recent swing high, which suggests that there may be more bullish movement to come. At present, the price is retracing, This retracement is due to the need for liquidity and to mitigate the unmitigated point of interest (POI). However, we can expect a bullish continuation once the price touches the POI at the bottom.

Retracement:
– Despite the bullish bias, the price is currently retracing.
– Retracements occur due to the need for liquidity or profit-taking by traders.
– This retracement is a natural part of price action.

Expectations:
– Anticipate a bullish continuation once the price reaches the bottom of the POI.
Get the full analysis in trading view here https://www.tradingview.com/chart/CADCHF/AMXKAK0x-PreferForex-Analysis-on-CADCHF/

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