AUD/CHF may fall 44 - 61 pips

Our pivot point stands at 0.5783.

Our preference

Under pressure below 0.5783.

Alternative scenario

Above 0.5783, look for 0.5813 and 0.5831.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5770 and 0.5765). Finally, the AUD/CHF has penetrated its lower Bollinger band (0.5759).

Supports and resistances

0.5831 **

0.5813 *

0.5783 **

0.5771

0.5756 last

0.5712

0.5695 **

0.5677 *

0.5659 **

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