AUD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After diving under its 200-bar SMA, AUD/CHF has been trading beneath this resistance line, vacillating between two downward-sloping lines. The pair attempted to cross its 200-bar SMA for three times during the last seven weeks but it did not manage to surpass this zone.
Currently, the currency couple is fluctuating between 0.8263 (daily S2) and 0.8225 (daily S3). If daily S3 is overcome, the pair may witness an accelerating decline towards the pattern's trend-line at 0.7992, and a fall under this area may bring a two-year low back into the picture.
© Dukascopy Bank SA
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