Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Neutral | Neutral | Sell |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
Following a reversal from the upper boundary of a dominate descending channel on June 6, the Australian Dollar has been moving in a one month channel down against the Swiss Franc.
The currency pair has revealed a new junior ascending pattern and bounced off its lower boundary on July 3, and as a result, the pair has breached both the 55-, 100-, and 200-hour SMAs.
Given that the AUD/CHF currency exchange rate has moved closer to the bottom border of the ascending pattern, a breakout could be expected during the following trading session. However, it is important to note that the 100-hour simple moving average is providing support for the rate near the 0.7357 mark.