Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Buy | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇘ | ⇘ | ⇘ |
Following up on last week analysis for the AUD/CHF currency pair. Bears have continued their dominance in the market and drove the exchange rate lower towards a support cluster set by the weekly and the monthly pivot points near the 0.7293 mark.
Given that a breakout had occurred through the bottom border of an uptrend line, the rate could be set for a long-term decline. Moreover, the 55-hour simple moving average has guided the pair lower.
Technical indicators flash bearish sentiment; therefore, bears are likely to grow stronger within the next trading sessions.