USD/CAD has rebounded
The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.
CHF/JPY: how to trade in a range
Trade idea
BUY 110.90; TP 111.80; SL 110.65
CHF/JPY has been consolidating within a pennant formation since February. The pair is currently at the support levels. Stochastic Oscillator on H4 shows that it’s oversold. As a result, it’s possible to expect the CAD turn higher aiming at the top of the trading range around 111.80/90.
Elizabeth Belugina
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