CAD/CHF 4H Chart: Decline continues

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate ⇒ ⇘ ⇗

[ANNOUNCE]The Canadian Dollar movement against the Swiss Franc has been guided by one month descending channel. The currency pair reversed south after hitting the upper boundary of a dominant channel. [/ANNOUNCE]

This movement could be considered a corrective move down toward the lower boundary of the dominant pattern. Moreover, the 55-hour simple moving average has been directing the pair lover. 

Everything being equal, the CAD/CHF currency exchange rate is likely to continue to depreciate until it reaches the southern border of the aforementioned dominant descending channel.

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