AUD/CHF 4H Chart: Moving towards target

Note: This section contains information in English only.
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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