AUD/CHF 1H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate

The AUD/CHF exchange rate failed to surpass the resistance level formed by the Fibonacci 23.60% retracement at 0.6816. Currently, the rate is trading near the given resistance.  

Note that the currency pair is supported by the 55– and 100-hour moving averages, currently located circa 0.6800. Thus, it is likely that some upside potential could prevail in the market. In this case the pair could face the resistance of the monthly R1 at 0.6874. 

However, if the given Fibonacci retracement holds, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could re-test the psychological level at 0.6700.

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