| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Canadian Dollar has surged by 3.56% against the Swiss Franc since early May. The currency pair tested the upper boundary of an ascending channel pattern at 0.7068 on May 27.
As for the near future, the CAD/CHF exchange rate could edge lower. Sellers are likely to target the 0.6900 level during next week's trading sessions.
However, a support cluster formed by the 100– period simple moving average and the lower boundary of the ascending channel pattern at 0.6950 could provide support for the currency exchange rate during the following trading sessions.