AUD/CHF may fall 38 - 53 pips

0.5651 is our pivot point.

Our preference

As long as 0.5651 is resistance look for 0.5568.

Alternative scenario

Above 0.5651, look for 0.5675 and 0.5689.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5622 and 0.5633).

Supports and resistances

0.5689 **

0.5675 *

0.5651 **

0.5642

0.5621 last

0.5583

0.5568 **

0.5554 *

0.5540 **

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