AUD/CHF may rise 42 - 61 pips

Our pivot point is at 0.5693.

Our preference

Rise to 0.5786.

Alternative scenario

The downside breakout of 0.5693 would call for 0.5661 and 0.5643.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5725 and 0.5725).

Supports and resistances

0.5823 **

0.5804 *

0.5786 **

0.5767

0.5725 last

0.5705

0.5693 **

0.5661 *

0.5643 **

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