The Canadian Dollar has been trading sideways against the Swiss Franc in a descending channel pattern since last week’s trading sessions.
The exchange rate is currently trading near the upper boundary of the descending channel pattern at 0.7453.
From a theoretical point of view, a breakout could occur within next week’s trading sessions.
However, technical indicators demonstrate that the currency exchange rate will most likely continue to edge lower in the channel pattern during the following trading sessions.
