| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The AUD/CHF currency pair has been trading within a rising wedge pattern since the beginning of May. The pair has already exceeded the 0.6350 level.
From a theoretical point of view, it is likely that a breakout south could occur within the following trading sessions. In this case the exchange rate could gain support from the Fibo 23.60% at 0.6108.
Meanwhile, note that the rate could gain support from the 55-, 100– and 200-hour SMAs in the 0.6400 area. Thus, some upside potential could prevail in the market. Note that the rate could face the resistance level—the Fibo 50.00% at 0.6695.