| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Canadian Dollar has been constrained in a channel up against the Swiss Franc. The Loonie tested the upper boundary of this pattern and a senior channel circa 0.7910, being followed by a strong period of decline.
The pair's movement during the past three sessions reveals the formation of a head-and-shoulders pattern. However, in order to confirm this bullish pattern, the Loonie has to breach a significant resistance set by the 55– and 100-hour SMAs circa 0.7760.
In case this scenario is to occur, a possible upside target in the short term could be the 200-hour SMA and the upper boundary of the most junior channel circa 0.7820. On the other hand, a breakout of the monthly PP should result in a re-test of the trend-line circa 0.7640—an area which is likewise reinforced by the monthly S1 and the weekly S2.