AUD/CHF 1H Chart: Stranded between SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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. 

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