© Dukascopy Bank SA
Now CAD/CHF is trading above the 50-hour SMA at 0.7957 that lies near the upper boundary of the 272-bar long channel down pattern. Despite a climb to the current level, the pair is still vacillating close to a recent low, 0.7897, the lowest mark in since 2011. According to technical data, CAD/CHF may prolong its advance to the pattern's resistance in the nearest future; however, it is likely to swing to losses in the longer term.
© Dukascopy Bank SA