AUD/CHF 4H Chart: Sets to break pattern

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 Buy Buy
Stochastic (5; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Australian Dollar has declined significantly against the Swiss Franc after reaching a high mark at 0.7556. The currency pair made a U-turn from the upper boundary of a dominant descending channel on June 7.

Currently, the exchange rate is stranded between the lower boundary of the dominant descending channel at 0.6873 and a resistance cluster formed by the 50-hour simple moving average and the weekly PP at 0.6934.

Everything being equal, it is likely that the AUD/CHF currency exchange rate continues to maintain a junior descending channel during the following trading sessions. The most realistic target for the pair could be a support cluster formed by the weekly and monthly PPs at 0.6820.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.