The Swiss Franc has been depreciating against the Singapore Dollar since the middle of August when the currency pair reversed south from the upper boundary of the long-term ascending channel at 1.4332.
From a theoretical point of view, it is likely that the exchange rate could trade downwards in the nearest future, as it should reach the lower channel line located in the 1.3900/1.4000 range.
If the given channel holds, the general direction is expected to remain north. However, note that the currency pair has to surpass the monthly R1 at the 1.4341.
