HomeContributorsTechnical AnalysisCAD/CHF 4H Chart: Decline Continues

CAD/CHF 4H Chart: Decline Continues

The Canadian Dollar movement against the Swiss Franc has been guided by one month descending channel. The currency pair reversed south after hitting the upper boundary of a dominant channel.

This movement could be considered a corrective move down toward the lower boundary of the dominant pattern. Moreover, the 55-hour simple moving average has been directing the pair lover.

Everything being equal, the CAD/CHF currency exchange rate is likely to continue to depreciate until it reaches the southern border of the aforementioned dominant descending channel.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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