| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
The CAD/CHF currency pair has been testing the upper boundary of the long-term descending channel located circa 0.7615 since the beginning of February.
Currently, the exchange rate is testing the resistance level formed by the weekly R1 at 0.7556. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, it is likely that some upside potential prevails in the market, and the rate re-tests the upper channel line in the nearest future. If given channel holds, a reversal south occurs within following sessions.
Otherwise, a breakout north occurs soon. Potential upside target is the psychological level at 0.7700.