AUD/CHF may fall 33 - 45 pips

Our pivot point is at 0.5793.

Our preference

The downside prevails as long as 0.5793 is resistance.

Alternative scenario

Above 0.5793, look for 0.5815 and 0.5828.

Comment

The RSI is below its neutrality area at 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 0.5776 and 0.5773). Finally, the AUD/CHF is trading below its lower Bollinger band (standing at 0.5769).

Supports and resistances

0.5828 **

0.5815 *

0.5793 **

0.5785

0.5769 last

0.5736

0.5724 **

0.5711 *

0.5698 **

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