| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has been depreciating gradually against the Swiss Franc since the beginning of February. This movement has been bounded in the descending channel.
As apparent on the chart, the exchange rate has already reversed north from the lower channel line at 0.7050. From a theoretical perspective, the currency pair should target the upper channel line located circa 0.7160. Important resistance level to look out for is the monthly PP at 0.7142.
However, this advance might not be immediate as the rate is being pressured by the 55-, 100– and 200-hour SMAs, thus, the pair might decline to the weekly S1 at 0.7067 in the nearest future.