CAD/CHF denotes the trading of the Canadian dollar against the Swiss Franc and is an exciting currency pair in the forex market offering plenty of volatility and opportunities to generate profits, when traded with care. The Canadian dollar is known as a commodity currency as its value is closely correlated with crude oil prices. This is because crude oil is one of Canada's key exports and is a major contributor to its economy. Hence, if crude oil prices strengthen, the CAD also gets stronger, turning this currency pair bullish, and vice versa.On the other hand, the Swiss franc is one of the most popular safe haven currencies that gain strength whenever the global economy experiences high levels of uncertainty, due to economic or geopolitical tensions. The CAD/CHF currency pair is strongly affected by the market sentiment - when markets trade with a risk-on sentiment, commodity currencies like the CAD make gains while safe havens like the CHF retreat. A risk-on sentiment turns this forex pair bullish. On the other hand, a risk-off mood weakens the CAD and strengthens the CHF, turning this pair bearish.The exchange rate of the CAD/CHF even sees movement on the release of crude inventories' data from the US or whenever the OPEC group announces its policy on crude oil supply, owing to the CAD's close correlation with crude oil.