| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The Canadian Dollar has surged by 1.43% against the Swiss Franc since this week's trading sessions. The currency pair breached the 50– period simple moving average at 0.7332 on April 22.
The exchange rate is currently trading near the upper line of an ascending channel pattern at 0.7350.
If the channel pattern holds, bearish traders are likely to pressure the CAD/CHF pair lower during the following trading sessions.
However, if the currency exchange rate breaks the ascending channel pattern, a surge towards the weekly R2 at the 0.7450 level could be expected next week.