In the world of currency trading, investors are constantly monitoring various currency pairs to anticipate potential movements in the market. Two currency pairs that are currently generating interest among investors are CAD vs Swissie and Kiwi.

These pairs involve the Canadian dollar (CAD) and the Swiss franc (CHF) as well as the New Zealand dollar (NZD), respectively. With various economic and political factors at play, investors are eagerly analysing these currency pairs to make informed trading decisions and capitalise on potential opportunities.

The CADCHF Performance

CADCHF is trading at the weekly timeframe low of around 0.66000.

CADCHF has been trading within a descending structure for the last 10 months from the resistance zone around 0.78000. According to the MACD, the bearish momentum seems to be slowing down the trend and sellers are likely to exit the market. As such, traders are looking for short-term bullish trading opportunities back to the resistance zone.

The GBPJPY Performance

GBPJPY is trading within an ascending structure.

The market recently broke above the resistance zone around 161.800 and created a higher high. This price action confirmed that momentum is shifting to the upside especially since the market formed a higher low prior to breaking the resistance zone.

This then provided the possibilities of the market forming an ascending structure where a retracement back to the bottom of the structure combined with a fib level/s will provide bullish continuation trading opportunities.

So far the GBPJPY has pushed +300 pips from the bottom of the structure and traders anticipate the market to continue +200 pips to the upside. As such, traders are looking for trading opportunities once the market breaks and closes above the counter-trendline.

Read More: Cable & Gold Complete Bullish Setups

The NZDCAD Performance

NZDCAD is forming a bearish pattern.

NZDCAD is trading within an overall descending structure. The market is failing to break above the resistance zone around 0.85700 as well as the resistance trendline. This price action increases the probability of the market continuing the overall bearish trend and provides confluence to the downside.

As such, traders are looking for trading opportunities to the downside.

The CAD vs Swissie and Kiwi currency pairs are currently being closely monitored by investors due to their potential for market movement. Economic and political factors such as interest rates, trade policies, and geopolitical tensions are all contributing to the volatility of these pairs.

Investors who are able to stay ahead of these factors and make informed trading decisions may be able to capitalize on potential opportunities and achieve favourable returns.