AUD/CHF 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/CHF has recently broken through the support trend-line that has been guiding the currency pair since Oct 21. Accordingly, the outlook towards the Aussie is now negative, especially considering the emerging bearish channel. The price is expected to pierce through the 200-hour SMA and Nov 9 low and start an upward correction only in the region of 0.7030. The near-term gains are to be capped by the upper boundary of the pattern, but in case 0.71 is breached, the first target will be the violated trend-line at 0.7120, followed by the Nov 4 high and weekly R1 at 0.7170. As for the sentiment, three out of four SWFX traders are currently holding long positions.
© Dukascopy Bank SA
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Tue, 10 Nov 2015 08:01:06 GMT

AUD/USD 4H Chart: Channel Down

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Mon, 09 Nov 2015 14:28:07 GMT

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