| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
This week, the CAD/CHF currency pair has reached the upper boundary of the long-term descending channel at 0.7640 and reversed south.
From a theoretical point of view, some downside potential should prevail in the market. The nearest possible downside target is the Fibonacci 23.60% retracement at 0.7408.
However, the exchange rate has to surpass the support level formed by the Fibonacci 38.20% at 0.7501. If the given support holds, it is expected, that the rate re-tests the upper channel line. If the given channel does not hold, the rate could target the psychological level at 0.7700.