© Dukascopy Bank SA
During the last trading week we were observing an appreciation the Aussie versus the Swiss Franc. The pair is changing hands at the level, which is represented by the lower trend line, so a penetration of this line should be kept in mind.
Even though the market sentiment is bullish (72%), the majority of aggregate technical indicators are sending "sell" signals, suggesting the penetration of the support line. In this case lower prices and increased trading volumes are expected.
© Dukascopy Bank SA