AUD/CHF 4H Chart: Likely breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The Aussie has been trading in an ascending channel against the Swiss Franc since early December. After hitting its upper boundary on January 22, the currency exchange rate started to depreciate notably during this past weeks. 

The AUD/CHF pair has continued to maintain its channel down and could be heading to a speculated target of the monthly pivot point at 0.71. 

Technical indicators favour a further decline for the Aussie . In addition, traders should watch out for a likely breakout from the lower boundary of the descending channel.

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