Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Buy | Buy |
Stochastic (5; 3) | Neutral | Neutral | Buy |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇒ | ⇗ |
The Australian Dollar has declined significantly against the Swiss Franc after reaching a high mark at 0.7556. The currency pair made a U-turn from the upper boundary of a dominant descending channel on June 7.
Currently, the exchange rate is stranded between the lower boundary of the dominant descending channel at 0.6873 and a resistance cluster formed by the 50-hour simple moving average and the weekly PP at 0.6934.
Everything being equal, it is likely that the AUD/CHF currency exchange rate continues to maintain a junior descending channel during the following trading sessions. The most realistic target for the pair could be a support cluster formed by the weekly and monthly PPs at 0.6820.