CAD/CHF edges higher as oil holds near $60 and SNB stays at 0%

Summary:

CAD/CHF market firmed as WTI stabilized near $60, the Bank of Canada’s 25 bp cut to 2.25% continued to filter through guidance, and the Swiss National Bank maintained its 0% policy rate with inflation inside its band...

Buy CADCHF

End Time

CLOSED

0.57300

ENTRY

0.58650

TGT

0.57100

0.57153 +0.00054 +0.09%

200

Points

Loss

0.57100

CLOSING

0.57300

ENTRY

0.58650

TGT

Overview

Policy asymmetry is moderately CAD-supportive against CHF. The Bank of Canada lowered its overnight rate to 2.25% on Oct 29 but paired that move with language suggesting cuts may be nearing an end, a nuance that helped the loonie rebound alongside crude. Switzerland, by contrast, is signaling comfort with a 0% policy rate and subdued inflation, limiting fresh CHF support from policy. With oil hovering around $60 and the U.S. Dollar Index oscillating near the psychologically important 100 level, CAD/CHF finds a constructive macro mix so long as energy holds its range and the SNB remains steady.

Market sentiment

Cross-asset volatility remains contained, keeping safe-haven CHF demand in check while allowing commodity beta to matter more on the margins. VIX prints in the high-teens and does not signal disorderly risk aversion; in this regime, FX tends to respect technical zones, and CAD typically tracks oil rather than broad macro shocks. If DXY only churns around 100 instead of trending higher, the relative trade of CAD over CHF retains a tailwind from oil and a less-dovish-than-feared BoC tone.

Technical analysis

CAD/CHF edges higher as oil holds near $60 and SNB stays at 0%_1

The M15 tape favors buy-the-dip execution. Price action is spending more time above the Bollinger mid-line than below, and shallow checks to the 20-period mean continue to attract responsive bids, a classic prelude to renewed upper-band tests when momentum is rebuilding.

On Ichimoku, price is rotating on or just above the Kumo, with the Tenkan line attempting to hold at or slightly above the Kijun; repeated defenses of the cloud top define a tight intraday buy zone. Stochastic (5/3/3) is cycling out of mid-range; a clean %K re-cross above %D from roughly the 40–50 band on a modest pullback typically precedes an upper-band extension. Failure to hold the cloud would risk a shakeout to the prior session’s midpoint, but as long as oil is stable and SNB policy stays parked at 0%, dip demand should persist.

Trade Recommendations

Entry: 0.5730

TP: 0.5865

SL: 0.5710

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Rank

Articless

167

Win Rate

49.66%

P/L Ratio

1.01

Focus on

XAUUSD, EURUSD

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CAD/CHF firms as oil steadies near $60 and SNB holds at 0%

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