| 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) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Australian Dollar continued to appreciate against the Swiss Franc within the medium-term ascending channel. As apparent on the chart, the AUD/CHF currency pair has already reversed north from the lower channel line.
From a theoretical perspective, it is likely that some upside potential could prevail in the market, as the exchange rate should target the upper channel line located in the 0.6900/0.6940 range. Important level to look out for is the monthly R1 at 0.6880.
If the given resistance level holds, it is likely that a reversal south could occur, and the currency pair could re-test the lower channel line. Also, if the given trend holds, it is likely that the general direction is expected to remain north in the medium term.