Tue, 28 Jan 2014 12:59:53 GMT
CAD/CHF 1H Chart: Channel Down
The loonie has been steadily depreciating against the Swiss Franc since the beginning of this year. The steepest decline was registered last week on Wednesday, when after touching pattern's resistance, the pair lost more than 270 pips. Currently, traders are opening short and long positions in almost equal proportions. And it seems the pair will not be able to