CADCHF is pushing through minor resistance areas as CHF continues to retreat against almost all major currencies. Better risk appetite is resulting in both CHF and JPY to retreat and CAD is also taking advantage of this situation.



The pink box continues to trap the price action as we trade sideways for more than a year now. With a better risk appetite, traders may start to think about break out of the box to the upside.



AS it can be seen on the daily chart, we continue to push higher and we are now above both 100 and 200 DMAs. The big resistance lies around 0.7920 - 0.7950. We may get there eventually but this pair likes slow grind.
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