| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Canada's Dollar has declined by 101 pips or 1.44% against the Swiss Franc since last week's trading sessions. The CAD/CHF currency pair breached the 50-, 100– and 200– period SMAs this week.
Currently, the exchange rate is trading near the lower boundary of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 0.6840 level could be expected during the following trading sessions.
However, if the channel pattern holds, bullish traders could pressure the currency exchange rate higher in the shorter term.