| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Canadian Dollar has surged by 1.05% against the Swiss Franc since December 1. The currency pair tested the upper line of a descending channel pattern at 0.6973 on December 16.
Technical indicators suggest selling signals on the 4-hour time frame chart. Most likely, the exchange rate could edge lower during the following trading sessions. The potential target for the CAD/CHF pair will be at the 0.6860 level.
However, given that the currency exchange rate is currently trading near the upper boundary of a descending channel pattern, a breakout could occur within this week's trading sessions.