AUD/CHF 4H Chart: Bears could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

The AUD/CHF exchange rate has been trading within a descending triangle pattern since the end of August.  

Given that the currency pair is pressured by the 55– and 100-period moving averages near 0.6570, it is likely that a breakout south could occur within the following trading sessions. The pair could re-test the support level—the Fibo 38.20% at 0.6433. 

In the meantime, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the resistance level—the Fibo 50.00%, located at the 0.6695 mark.

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