Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Neutral | Sell |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar is trading against the Swiss Franc simultaneously in the medium-term descending and short-term ascending channels. The junior pattern formed after the currency exchange rate broke through the bottom edge of the preceding ascending vertical channel. For the moment, the pair is fluctuating right below the strong resistance level consisting from the 200-period SMA at 0.7317, the upper trend-line of the dominant channel at 0.7318 and 38.20% Fibonacci retracement level at the 0.7319. The retracement levels are measured by connecting the 2017 high and 2015 low levels. Most likely the minor pattern will not sustain under this pressure and the currency rate will resume a movement in the downward direction, trying to reach the 50% retracement level.