The Canadian Dollar has declined by 2.32% against the Swiss Franc since April 1. The currency pair breached the 50– and 200– period SMAs during this week’s trading sessions.
All things being equal, the exchange rate is likely to edge lower during the following trading sessions. The potential target for the CAD/CHF pair will be near the 0.7250 area.
However, the currency exchange rate could bounce off a support line at 0.7333 within today’s session.