| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Canadian Dollar has surged by 4.01% against the Swiss Franc since March 1. The CAD/CHF currency pair tested the 0.7400 level during this week's trading sessions.
Everything being equal, the exchange rate is likely to continue to trend higher during the following trading sessions. A breakout through the upper line of an ascending channel pattern could occur.
However, if the channel pattern holds, the currency exchange rate would make a brief retracement lower towards the weekly pivot point at 0.7265 in the shorter term.