USD/CAD V CAD/CHF CHF as protection
Ex. GBP/USD below 1.2983 price went missing to its normal averages.
Brexit failure and GBP/USD fall bottom was found at GBP/CHF 1.2818.
GBP/CHF as protection stopped the risk pair’s further drop.
Same principle as EUR/CHF stops EUR/USD, NZD/CHF stops NZD/USD, AUD/CHF stops AUD/USD. CAD/CHF stops USD/CAD.
Without GBP/CHF 1.2818, GBP/USD would fell far lower to its own 1.2600’s.
GBP/CHF message was no way GBP/USD to fall further. Self contained is currency markets, understood by few. USD/CAD last post spoke to 1.3232 as weekly short point.
Fully factored above 1.3232 was ironically 1.3301 at the upper most extreme. Extremely rare day for any currency pair to trade at uppermost maximum.
Weekly since February, yesterday was 1st time USD/CAD went to furthest extreme for example. More intense overall is USD/USD went missing above 1.3081.
CAD/CHF below 0.7606 was written 0.7548 as normal target , fully factored at 0.7519.
CAD/CHF traded to 0.7461 and 58 pips from 0.7519. Extraordinarily rare to see such a day especially from CHF. Adjustment strategy requires hurry to range views to find bottoms, tops, entry, targets. Why is because CAD/CHF below 0.7566 also went missing, dangerous situation. Certain areas, prices are untouchable.