AUD/CHF 4H Chart: Fibonacci retracements dictate

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) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

In an effort to offer a breathe from the US Dollars surge, Dukascopy analysts took a look at the AUD/CHF currency pair.

In general the rate is highly volatile and there are no large or small scale trend lines to be drawn. Instead the currency pair is bouncing between large scale Fibonacci retracement levels. 

Meanwhile, in the past month the Aussie has been making lower lows, as it has failed to pierce the 38.20% Fibo at 0.74 mark. 

That fact combined with the recent lower high levels has provided the opportunity to draw a speculative medium term channel down pattern. 

If the rate passes the 0.73 mark, the next notable support should be only near 0.7250.

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