AUD/CHF may fall to 0.5707 - 0.5781

Our pivot point is at 0.6056.

Our preference

As long as 0.6056 is resistance look for 0.5707.

Alternative scenario

Above 0.6056, look for 0.6180 and 0.6253.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5964 and 0.5961).

Supports and resistances

0.6253 **

0.6180 *

0.6056 **

0.6007

0.5957 last

0.5781

0.5707 **

0.5634 *

0.5561 **

Number of asterisks represents the strength of support and resistance levels.