AUD/CHF 1H Chart: Short-term increase expected

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

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The Australian Dollar has been appreciating against the Swiss Franc since the beginning of January when the currency pair reversed from the lower boundary of the long-term descending channel circa 0.6800.  

From a theoretical point of view, the general direction is expected to remain north as the pair should target the upper channel line located circa 0.7470. However, the rate has to surpass the resistance level formed by the Fibonacci 50.00% retracement at 0.7286.  

If given resistance holds, it is likely that a reversal south occurs within following sessions, and the pair re-tests the lower channel line located in the 0.6750/0.6800 range.

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