The CAD/CHF cross is trading at around 0.7351 as Trump announced that he would impose tariffs on China worth $50-60 billion. China promised they would retaliate imposing tariffs as well on US goods, with escalating tensions about a trade word undermining financial markets.

The CAD/CHF has formed a double bottom at the 0.7250 level and in the last four days, the cross gained almost 2%. While both the RSI and the MACD indicators are displaying a positive divergence there is still no significant bull run that would confirm that the bull reversal has taken place just yet. However, sellers have only owned the market on March 12 and 13 with only two significant bear days, but after that, it was mainly buyers buying the dip which lead to the bull breakout of the last 3 days of trading. Technically the CAD/CHF has found resistance at the trendline after a three-day jump.