AUD/CHF may rise to 0.5972 - 0.6055

Our pivot point stands at 0.5665.

Our preference

As long as 0.5665 is support look for 0.6055.

Alternative scenario

The downside breakout of 0.5665 would call for 0.5526 and 0.5444.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5780 and 0.5748).

Supports and resistances

0.6221 **

0.6138 *

0.6055 **

0.5972

0.5783 last

0.5719

0.5665 **

0.5526 *

0.5444 **

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