The Canadian Dollar has surged by 4.01% against the Swiss Franc since March 1. The CAD/CHF currency pair tested the 0.7400 level during this week’s trading sessions.
Everything being equal, the exchange rate is likely to continue to trend higher during the following trading sessions. A breakout through the upper line of an ascending channel pattern could occur.
However, if the channel pattern holds, the currency exchange rate would make a brief retracement lower towards the weekly pivot point at 0.7265 in the shorter term.
