| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The CAD/CHF exchange rate bounced off the lower boundary of a descending channel pattern at 0.6750 on July 31. The currency pair has surged by 132 pips or 1.96% during this period.
All things being equal, the Canadian Dollar could continue to gain strength against the Swiss Franc during the following trading sessions. The potential target for bullish traders would be at the resistance cluster at 0.6949.
However, the 200– period simple moving average ay 0.6902 could provide resistance for the currency exchange rate until the end of this week's trading sessions.