AUD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Australian Dollar is simultaneously trading in two ascending channels against the Swiss Franc. However, that does not necessarily mean that the currency exchange rate is set to surge. Recently the pair reached and bounced off first from the medium size pattern's upper trend line and afterwards did the same against the large scale pattern's resistance line. Due to that reason, it is most likely that a new medium term pattern is set to reveal itself in the near future. In addition, the currency pair has shown that it is affected by the Fibonacci retracement levels, which are measured by connecting the 2017 high and low levels.
© Dukascopy Bank SA
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Mon, 27 Feb 2017 14:38:08 GMT

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