CAD/CHF continues to rise inside the 4-hour Down Channel that was earlier identified by Autochartist – as you can see from the following trade alert for this currency pair. CAD/CHF is expected to break this Down Channel and then to rise to the target level 0.8339 in the next 21 hours. Autochartist set the stop-level for this forecast at 0.8228 (point A). This forecast continues the earlier sharp upward impulse from the major support level 0.7830 (which also stopped strong downtrend in August of 2011) – which recently broke the daily down channel from April.
The weekly CAD/CHF chart below shows the aforementioned price levels:
