CAD/CHF 4H Chart: Decline likely to continue

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)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellSellBuy
Aggregate

The Canadian Dollar has declined by 89 pips or 1.28% against the Swiss Franc since last week's trading sessions. The CAD/CHF currency pair breached the 0.6900 level this week.

Technical indicators suggest selling signals on the 4-hour time frame chart. Most likely, bears could continue to push the exchange rate lower during the following trading sessions.

However, a support level at 0.6860 might provide support for the currency exchange rate in the shorter term.

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