The Canadian Dollar has been depreciating massively against the Swiss Franc since the middle of November. The decline has been bounded by a triangle-like formation pattern.
Assuming that this triangle pattern is to hold intact for a couple of sessions, the Canadian Dollar should gain momentum and aim for its upper boundary near the 0.7648 region.
However, technical indicators suggest that the assumptions might not occur during the following trading session.
Technical sentiment demonstrates that a decline towards a support cluster at 0.7474 is likely today.
