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CAD/CHF 4H Chart: Testing Support Level At 0.7520

Following a reversal from the upper boundary of a medium-term ascending channel at 0.7689, The Canadian Dollar has declined massively against the Swiss Franc.

The exchange rate is currently testing a support level formed by a traditional weekly pivot point at 0.7520.

If the currency exchange rate passes the support level, it could aim for November 29 swing low of 0.7475.

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However, if the support level as mentioned earlier holds, the CAD/CHF currency pair will target a resistance cluster at 0.7561 today.

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