Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Sell |
Alligator (13; 8; 5) | Neutral | Buy | Neutral |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇒ |
The Australian Dollar has been appreciating in a medium-term ascending channel pattern against the Swiss Franc. This increased in price range began when the currency pair reversed from the lower boundary of a dominant descending channel at 0.6858.
The exchange rate tested a resistance cluster formed by the weekly PP and the combination of the 50– and 100-hour SMAs at 0.7237 during Wednesday's morning hours. The common scenario would be a decline towards the lower boundary of the medium-term ascending channel at 0.7155.
However, a support level set by the 200-hour simple moving average at 0.7177 could prevent the price from hitting target today.