AUD/CHF may rise 23 - 33 pips

0.6058 is our pivot point.

Our preference

As long as 0.6058 is support look for 0.6110.

Alternative scenario

The downside breakout of 0.6058 would call for 0.6041 and 0.6032.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6077 and 0.6073).

Supports and resistances

0.6130 **

0.6120 *

0.6110 **

0.6100

0.6077 last

0.6064

0.6058 **

0.6041 *

0.6032 **

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