© Dukascopy Bank SA
Starting from mid-March the Australian Dollar has been outperforming the Swiss Franc. Since then the currency pair has covered more than three figures and looks to be in a good position to extend the recent gain. One of the reasons to be bullish on AUD/CHF is the fact that it has just touched the up-trend support line, and this implies a rally above 0.83. And while the hourly and four-hour technical indicators are presently mixed, five out of eight studies on the daily chart are in favour of a recovery. Moreover, if we analyse the SWFX sentiment towards the pair, we find out that nearly three out of four traders (73%) are planning to profit from Aussie's appreciation in the future.
© Dukascopy Bank SA