AUD/CHF may rise to 0.6159 - 0.6232

Our pivot point is at 0.5892.

Our preference

The upside prevails as long as 0.5892 is support.

Alternative scenario

The downside breakout of 0.5892 would call for 0.5770 and 0.5698.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5950 and 0.5966).

Supports and resistances

0.6377 **

0.6305 *

0.6232 **

0.6159

0.6008 last

0.5940

0.5892 **

0.5770 *

0.5698 **

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