CAD/CHF 4H Chart: Bulls could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒

[ANNOUNCE]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.[/ANNOUNCE]

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.

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