| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Canadian Dollar declined by 270 pips or 3.76% against the Swiss Franc during last week's trading sessions. The currency pair tested the psychological support level at the 0.6900 area last week.
The exchange rate is currently testing a support level formed by the 200– period simple moving average at 0.6985.
If the support level holds, bullish traders could pressure the price higher within this week's trading sessions.
However, if the currency exchange rate breaks the 200– period SMA, a decline towards the weekly S1 at 0.6867 could be expected during the following trading sessions.