AUD/CHF 4H Chart: bearish sentiment

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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.   

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