AUD/CHF 4H Chart: Moving towards target - Trade Pattern Ideas - Dukascopy Bank
Tue, 02 Oct 2018 06:33:25 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Sell
Sell
RSI (14)
Sell
Neutral
Buy
Stochastic (5; 3)
Sell
Sell
Neutral
Alligator (13; 8; 5)
Buy
Neutral
Sell
SAR (0.02; 0.2)
Buy
Buy
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar has been appreciating against the Swiss Franc since the middle of September. This movement is bounded by a two-week ascending channel.
Currently, the currency pair is trading above the 50-, 100-, and 200-hour simple moving averages. From a technical point of view, the rate could continue moving north until it reaches a resistance cluster formed by the weekly and the monthly PPs at 0.7173.
However, the weekly R1 at 0.7144 could hinder the AUD/CHF currency exchange rate from reaching the targets within the next 48 hours.
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