AUD/CHF 4H Chart: Triangle pattern spotted

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

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The AUD/CHF currency pair has been trading in a triangle-like formation since early June.  Its upper boundary of a downtrend line was formed on June 7 while the bottom border was formed on July 3.

The exchange rate has been moving within a range of 0.7581/0.7245 which is approximately 337 pips since the beginning of the year.

Technical indicators flash strong by signals on the four-hour time frame. However, since the currency exchange rate is stranded between resistance and support levels set by the monthly pivot point above and the 55-, 100-, and 200-hour SMAs below, the upside movement might not prevail today.

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