| 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 | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Canadian Dollar has been depreciating against the Swiss Franc since the beginning of January. This movement has been bounded within the falling wedge pattern.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions, and the CAD/CHF exchange rate could target the resistance level—the Fibonacci 38.20% retracement at 0.7501.
On the other hand, note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 0.7390/0.7440 area. Thus, some downside potential could continue to prevail in the market. A possible downside target is the 0.7250 level.