© Dukascopy Bank SA
Another cross with the Swiss Franc is set to revive in the next few days, unless it gets a confident bearish momentum from several resistances, which will prolong the selloff possibly beyond 0.68. First risks are coming from the monthly S1 and 55-period moving average at 0.7065. Inability to violate them a highly likely to bring the aforementioned bearish scenario to life. At the same time, the gains should not be ruled out either, being that weekly technical indicators are giving a reliable aggregate signal to acquire the Aussie. In case the pair manages to close above 0.71 any time soon, the next supply will be located relatively close at 0.7142 (100-period SMA), followed by even longer-term moving average (200-day) at 0.7186.
© Dukascopy Bank SA