The Canadian Dollar has been gaining strength against the Swiss Franc since late June. The upside momentum has sent the currency pair to move from the lower boundaries of both the short and long-term patterns to the upper line and the monthly pivot point.
During the short period for surged, the exchange rate dashed through the 55-, 100-, and 200-hour SMAs. Also, a breakout occurred through the upper border of a descending channel.
On the four-hour time frame, technical indicators flash bullish signals. Therefore, the currency exchange rate could continue moving in the ascending channel during the following trading sessions.
During the short period for surged, the exchange rate dashed through the 55-, 100-, and 200-hour SMAs. Also, a breakout occurred through the upper border of a descending channel.
On the four-hour time frame, technical indicators flash bullish signals. Therefore, the currency exchange rate could continue moving in the ascending channel during the following trading sessions.