AUD/CHF 1H Chart: Channel Down

Accordingly, the falling resistance line at 0.8184 should stay intact and continue to guide the Australian Dollar south. There is also an additional supply area at 0.8160, consisting of the weekly pivot point and 200-hour SMA. The bearish outlook at the same time is reinforced by the technical indicators on all the relevant time-frames. However, the sentiment towards AUD/CHF is strongly bullish—73% of open positions are long.