| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Australian Dollar has been depreciating gradually against the Swiss Franc since the middle of May. This movement has been bounded in the short-term descending channel.
Note, that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 0.6936/0.6952 range. Thus, it is likely, that some downside potential could prevail in the market, and a breakout south from the channel could occur soon. The pair could target the lower boundary of the long-term descending channel located circa 0.6700.
Otherwise, it is expected, that the exchange rate could reverse north and target the Fibonacci 38.20% retracement at 0.7163.