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

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. 

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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