AUD/CHF 1H Chart: Channel Up

Since April AUD/CHF has been in a major down-trend. However, about 180 hours ago the bearish momentum waned, when the pair touched upon 0.8231. The bullish outlook was subsequently confirmed when the 200-hour simple moving average fell prey to the surge, although technical indicators on the three relevant time-frames are mixed, suggesting absence of any distinct action on the chart.

In the near future AUD/CHF is expected to finally decouple from 0.8489 and rise up to 0.8586, but will have to overcome the daily R1 and R2 at 0.8521 and 0.8556 respectively