AUD/CHF may fall 35 - 47 pips

0.5785 is our pivot point.

Our preference

The downside prevails as long as 0.5785 is resistance.

Alternative scenario

The upside breakout of 0.5785, would call for 0.5807 and 0.5820.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5775 and 0.5773).

Supports and resistances

0.5820 **

0.5807 *

0.5785 **

0.5777

0.5767 last

0.5732

0.5720 **

0.5707 *

0.5694 **

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