| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The AUD/CHF currency pair has been trading upwards since the middle of June after it reversed north from the lower boundary of the long-term descending channel at 0.6760.
As apparent on the chart, the pair is trading at the 0.6870 mark. From a theoretical perspective, it is expected, that the exchange rate should continue to go upwards, as it targets the upper channel line.
However, note, that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, thus, this advance might not be immediate, and the rate could re-test the lower channel line. Also, note, that the pair would have to surpass the Fibonacci 38.20% retracement at 0.7163.