CAD/CHF 4H Chart: Stranded between SMAs

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

Bullish momentum has dominated the Canadian Dollar against the Swiss Franc since the beginning of September. The currency pair tested the upper boundary of an ascending channel pattern at 0.7564 on September 11.

Currently, the exchange rate is stranded between a resistance level formed by the 50-period simple moving average at 0.7599 and a support line set by the 100– hour SMA at 0.7468.

As for the near future, the CAD/CHF exchange rate will most likely aim for a support cluster formed by the 200– period SMA and the combination of the monthly pivot point and the weekly S1 at 0.7413.

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