CADCHF Chart Technical Outlook

CADCHF Chart Technical Outlook trades in a bullish channel, with 0.6510 in sight. CAD/CHF has been printing higher highs and lows this month. The recent hawkish notes from the BoC support CAD. Inflation is subdued in Switzerland, and SNB could turn dovish. There is no sign that the rally is over.

I expect more upside price action toward the recent swing high at 0.6510. If broken, 0.6550 is the following barrier. Supports are located at 0.6460 and 0.6430.

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