AUD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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 Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Australian Dollar is trading against the Swiss Franc in the short-term ascending channel. The pattern represents a bounce off of the currency exchange rate from the bottom trend-line of the medium-term descending channel supported by the 50% Fibonacci retracement level. The retracement levels are measured by connecting the 2017 high and 2015 low levels. Currently, the pair is fluctuating slightly below the monthly PP at 0.73025 and is trying to reach the upper edge of the dominant channel. A rebound most likely is going to follow, as the rate has to face additional resistance in the form of the 200-period SMA at 0.7330 as well as the 38.20% Fibonacci retracement level at the 0.7319 mark.

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