| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Australian Dollar has been appreciating against the Swiss Franc since the middle of August. This movement has been bounded in the ascending channel. Currently, the AUD/CHF currency pair is trading near the lower channel line at 0.6690.
From a theoretical point of view, it is likely that a reversal north could occur in the nearest future, as the exchange rate should target the upper channel line located in the 0.6900/0.0.6950 range.
However, note that the rate has to surpass the resistance level formed by the Fibonacci 23.60% retracement at 0.6816. Thus, the expected advance might not be immediate. If the given resistance level holds, the pair could reverse south and re-test the lower channel line. It is unlikely, that bears could prevail in the market, and the rate could drop lower than 0.6500 level.