The Australian Dollar is trading against the Swiss Franc in a short term descending channel pattern, which is about to reach the lower trend line of the most dominant long term channel down pattern. However, on the way down there are various medium term channel support lines, which can be observed. It is highly likely that they will hinder the decline of the Australian currency and maybe even cause a rebound, which might last into the medium term. Meanwhile, the needed resistance for the decline will be provided by the 50.00% Fibonacci retracement level, which is located at the 0.7176 level. The retracement levels are measured by connecting the 2017 high and 2015 low levels.
| Level | Rationale | Indicator | 1H | 4H | 1D | |||
| R4 | 0.7243/64 | All SMAs; weekly PP | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 0.7214 | Weekly S1 | RSI (14) | Buy | Buy | Buy | ||
| R2 | 0.7193 | Trend line | Stochastic (5; 3; 3) | Neutral | Neutral | Sell | ||
| R1 | 0.7175 | 50.00% Fibo | ADX (14) | Sell | Neutral | Sell | ||
| S1 | 0.7164 | Weekly S2 | CCI (14) | Neutral | Buy | Buy | ||
| S2 | 0.7136 | Trend line | AROON (14) | Buy | Buy | Buy | ||
| S3 | 0.7114 | Weekly S3 | Alligator (13; 8; 5) | Sell | Sell | Sell | ||
| S4 | 0.7102 | Trend line | SAR (0.02; 0.2) | Buy | Sell | Sell | ||
| Aggregate | → | → | ↘ |