CAD/CHF is currently sitting at a key level and a big test. Today is also the day of the Canadian Interest Rate decision.
Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same.
If the BoC do keep the rates the same, or increase the rate I don't see how either could be positive for the CAD, simply putting it the country is not in the best of positions.
We also had the worst CPI report in almost 2 years not too long ago and an increase in Unemployment rates last month, despite adding jobs.
I don't see how any Canadian led pair could be considered bullish, given the state of the country and my bias is for a short here.