AUD/CHF 1H Chart: Ascending channel in sight

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The AUD/CHF currency pair has been trading upwards within an ascending channel since the end of June.  

From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the given channel in the medium term. In this case the rate could exceed the 0.6650 mark by the end of August. 

Meanwhile, it is unlikely that bears could prevail in the market, and the currency pair could decline below the Fibonacci 38.20% retracement at 0.6433.

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