| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇘ |
The AUD/CHF exchange rate has been trading within an ascending channel since the end of March. The rate has already exceeded the 0.6200 mark.
From a theoretical perspective, it is likely that the currency pair could continue to trade upwards within the given channel in the medium term. In this case the pair could reach the Fibonacci 50.00% retracement at 0.6599 at the beginning of June.
However, note that the exchange rate would have to surpass the resistance formed by the monthly R1 and the Fibonacci 38.20% retracement in the 0.6314/0.6385 range. If the given resistance holds, it is likely that a reversal south could occur, and the rate could re-test the psychological level at 5.400.