AUD/CHF may fall 28 - 39 pips

0.6060 is our pivot point.

Our preference

The downside prevails as long as 0.6060 is resistance.

Alternative scenario

The upside breakout of 0.6060, would call for 0.6078 and 0.6089.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6050 and 0.6049). Finally, the AUD/CHF is trading below its lower Bollinger band (standing at 0.6045).

Supports and resistances

0.6089 **

0.6078 *

0.6060 **

0.6053

0.6045 last

0.6017

0.6006 **

0.5995 *

0.5985 **

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