CAD/CHF 4H Chart: Potential breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

A medium-term descending channel has guided the movement of the CAD/CHF currency pair lower. 

Regarding the near future, the currency exchange rate is likely to breakout through the upper boundary of a junior ascending channel during the following trading sessions. The potential targets for the pair could be a resistance cluster formed by the combination of the 200-hour simple moving average and the monthly and weekly PPs near the 0.7511 mark.

On the other hand, the rate might reverse from the 100-hour SMA at 0.7432 and continues its movement south during the coming days.

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