CAD/CHF 1H Chart: Short-term decline expected

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇗⇘

[ANNOUNCE] The Canadian Dollar has been appreciating against the Swiss Franc since the beginning of June when the CAD/CHF currency pair reversed north from the lower boundary of the medium-term descending channel at 0.7373. [/ANNOUNCE] 

Note, that the exchange rate is trading near the upper boundary of the long-term descending channel at 0.7580. Thus, from a theoretical point of view, it is expected, that a reversal south could occur in the nearest future.  

If the junior channel does not hold, it is likely, that the rate could decline to the Fibonacci 0.00% retracement at 0.7258. Otherwise, it is expected, that the pair could trade downwards along the upper boundary of the senior trend.

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