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Cadchfanalysis

CAD/CHF 4H Chart: Pressure by 50-hour SMAThe Canadian Dollar has been depreciating against the Swiss Franc in a channel down since the beginning of December. During this period of decline, the currency pair managed to reach March 2018 low at 0.7229. Daily technical indicators demonstrate that bears are likely to dominate the exchange rate today. The potential target for bearish traders will be at the lower boundary of the descending channel pattern at 0.7088. On the other hand, the currency exchange rate could reverse from current price level at 0.7250 and aim near a resistance cluster at 0.7325 during the following trading session.
by UnknownUnicorn890690