AUD/CHF may fall 32 - 44 pips

0.5912 is our pivot point.

Our preference

The downside prevails as long as 0.5912 is resistance.

Alternative scenario

Above 0.5912, look for 0.5932 and 0.5944.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5901 and 0.5906).

Supports and resistances

0.5944 **

0.5932 *

0.5912 **

0.5904

0.5894 last

0.5862

0.5850 **

0.5839 *

0.5827 **

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