The Canadian Dollar is trading in an ascending triangle pattern against the Swiss Franc. The currency pair bounced off its lower boundary at 0.7320 on September 8 and reached the upper border a few days ago.
Currently, the exchange rate is trading near the bottom border of the triangle pattern at 0.7629 and could be set for a breakout.
If this breakout occurs, the CAD/CHF currency pair could aim at a support cluster formed by the combination of the weekly and the monthly PPs near the 0.7580 during the coming trading sessions.
However, it is important to note that the 200-hour SMA at 0.7609 could provide support for the currency exchange rate from falling.
