© Dukascopy Bank SA
Right now CAD/CHF is sitting inside the triangle not far away from the apex that will be attained later in the day. As the SWFX data suggests, the pair is likely to enjoy a rapid rally in the foreseeable future; four out of five traders expect the pair to advance in the hours to come. Technical numbers also prop up the traders' opinion, sending a ‘buy' signal for the four-hour perspective.
© Dukascopy Bank SA