CADCHF - Bearish Bias

CAD - BEARISH
1️⃣ Declined in oil prices weighing on on the CAD.
2️⃣ The CAD has been pressured amid the risk-off tone.

CHF - BULLISH
1️⃣ The risk-off tone boosted the safe-havens like the CHF.
2️⃣ Investors remain worried about rising coronavirus cases worldwide, especially in the US and Germany.

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Technical
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We are looking to sell the CADCHF around the resistance of 0.69200 + below SMA 50 on the H1 chart.

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