The Canadian Dollar has declined by 89 pips or 1.28% against the Swiss Franc since last week’s trading sessions. The CAD/CHF currency pair breached the 0.6900 level this week.
Technical indicators suggest selling signals on the 4-hour time frame chart. Most likely, bears could continue to push the exchange rate lower during the following trading sessions.
However, a support level at 0.6860 might provide support for the currency exchange rate in the shorter term.
