Friday, August 31, 2012

CAD / CHF Update: Friday 31st August 2012 08:08hrs

CAD / CHF

Good morning,

I remain short CAD / CHF with 1% risk on this position.

Price action has remained slow and I think it will remain so until the CAD GDP data is released at 13:30 hrs (GMT) today.

If it is possible to move the stop loss before the data announcement then I will, otherwise I will remain short with my stop loss at 0.9695.

Chart below:

 

 
I will update again later this afternoon.
 
Have a good day.
 
Regards
 
 

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