AUD/CHF may rise to 0.6207 - 0.6281

0.5946 is our pivot point.

Our preference

The upside prevails as long as 0.5946 is support.

Alternative scenario

The downside breakout of 0.5946 would call for 0.5822 and 0.5749.

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 0.5957 and 0.5972).

Supports and resistances

0.6428 **

0.6354 *

0.6281 **

0.6207

0.6056 last

0.5994

0.5946 **

0.5822 *

0.5749 **

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