| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Canadian Dollar has surged by 109 pips or 1.59% against the Swiss Franc since January 4. The currency pair tested the upper line of an ascending channel pattern at 0.6996 last week.
Currently, the exchange rate is trading near the upper border of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 0.7050 level could be expected during the following trading sessions.
However, if the ascending channel pattern holds, bearish traders might pressure the currency exchange rate lower this week.