AUD/CHF may fall 49 - 67 pips

0.5762 is our pivot point.

Our preference

The downside prevails as long as 0.5762 is resistance.

Alternative scenario

Above 0.5762, look for 0.5794 and 0.5812.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5745 and 0.5744).

Supports and resistances

0.5812 **

0.5794 *

0.5762 **

0.5750

0.5736 last

0.5687

0.5669 **

0.5650 *

0.5631 **

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