Currency Pair:Cad/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7343
Trend: consolidation
Possible trading range:0.72-0.75
Forecast:The presence of a falling wedge will encourage the bulls to try an upside breakout, but this will be a short-lived one because the fundamentals are against such a move. The loonie is under attack as oil prices continue to decline due to a higher oil output and weak demand
My target: 0.7423
Weekly chart (below)
Daily chart (below)
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