CAD/CHF 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Aside the recent recovery (24th of June till 10th of July) the loonie-franc cross has been depreciating since the middle of May. And we can see the pair moving along the pattern's resistance, but not breaching it, since the 18th of July. Short and medium term technicals do not give any indications that pair could do significant moves soon, but rather stay in the range (0.911-0.05) it was since the mentioned 18th of July. In the long term, however, it should shoot through the pattern's resistance (a possible longer term bullish correction).

© Dukascopy Bank SA
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