CAD/CHF 4H Chart: Channel Up

The winning streak of the Canadian Dollar in its pair with the Swiss Franc is expected to end near 0.79 where the pair will meet the upper bound of the pattern. From here, CAD/CHF should commence a correction lower, but the long-term forecast will remain bullish. Positive scenario is boosted by the technical indicators on all time frames, whether it is four hours or one week. On top of that, the pair is oversold in the SWFX market as 73% of all positions are short. It creates more ground for future gains. As for nearest obstacles, the 0.7742/51 mark cannot wait to resist current heavy bullish pressure, because the December 2015 high does not seem ready to give up with ease.