| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Australian Dollar has been appreciating slightly against the Swiss Franc since the AUD/CHF currency pair reversed north from the lower boundary of the falling wedge pattern at 0.6520.
Note, that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located in the 0.6631/0.6656 range. Thus, it is likely, that some upside potential could prevail in the market. In this case, the rate should target the upper channel line located in the 0.6700/0.6800 range.
However, note, that the rate has to surpass the resistance level formed by the monthly S2 at the 0.6689 mark. If the given resistance holds, it is likely, that a reversal south could occur. In this case, a possible downside target could be the Fibonacci 0.00% retracement at 0.6509.