Indicator | 1D | 1W | 1MN |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Sell | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇒ | ⇘ |
AUD/CHF has been trading in two dominant patterns, namely, an eight-month descending channel and a junior channel which formed in early February. During the past few weeks, the pair has remained near upper boundaries of these two patterns.
The Australian Dollar's weakening against the Swiss Franc during the previous sessions has provided a possible short-term buying opportunity for bulls. A possible near-term target for this week is the 50.0% Fibo and the upper boundary of the senior channel at 0.7525. In case this level is surpassed, the pair should test the monthly R1 and the 61.80% Fibo at 0.76.
Conversely, a breakout of the 200-hour SMA should send the Aussie for a decline down to the junior channel and the monthly S1 circa 0.7350.