AUD/CHF may rise to 0.6205 - 0.6279

0.5924 is our pivot point.

Our preference

The upside prevails as long as 0.5924 is support.

Alternative scenario

The downside breakout of 0.5924 would call for 0.5800 and 0.5727.

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 0.5983 and 0.5985).

Supports and resistances

0.6427 **

0.6353 *

0.6279 **

0.6205

0.6030 last

0.5972

0.5924 **

0.5800 *

0.5727 **

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