AUD/CHF 4H Chart: Channel Up

We have already spoken about the AUD/CHF currency pair recently and highlighted importance of the 200-period SMA, which is acting as a strong support for the Australian currency. All attempts since Monday failed to send the pair below this line at 0.6912. Inability of doing that again may trigger purchases of the pair in the nearest future. Still, 4H and daily technical studies are largely undecided with respect to the pair's future, even though three in four traders believe the Aussie should gain value against the Franc. Nevertheless, a successful consolidation below the 200-period SMA would immediately expose the pattern's lower boundary and monthly pivot point at 0.6848.