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CAD/CHF 1H Chart: Long-term channel in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇘⇗

[ANNOUNCE] The CAD/CHF currency pair has been testing the upper boundary of the long-term descending channel located circa 0.7615 since the beginning of February. [/ANNOUNCE] 

Currently, the exchange rate is testing the resistance level formed by the weekly R1 at 0.7556. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, it is likely that some upside potential prevails in the market, and the rate re-tests the upper channel line in the nearest future. If given channel holds, a reversal south occurs within following sessions. 

Otherwise, a breakout north occurs soon. Potential upside target is the psychological level at 0.7700.

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