The Bearish trend has been slowing down in CAD/CHF in the past several weeks as the downside momentum has failed to pick up and we're stuck in to some decent consolidation. In Figure 1 we can have a look at the daily chart and how this down trend have moved inside a downward channel We can also see how each previous swing low after was broken to the downside has turned into a resistance(see red line Figure 1).
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