The Canadian Dollar has continued to trade in a descending channel pattern against the Swiss Franc. The currency pair has declined by 176 pips or 2.34% in value since the beginning of January.
Everything being equal, the CAD/CHF exchange rate will most likely continue to decline in the descending channel pattern. The pair could target the 0.7250 area during next week’s trading sessions.
Although, the currency exchange rate might make a U-turn from a support cluster at 0.7328 during the following trading sessions.
