AUD/CHF may rise to 0.6195 - 0.6250

Our pivot point is at 0.5991.

Our preference

The upside prevails as long as 0.5991 is support.

Alternative scenario

The downside breakout of 0.5991 would call for 0.5899 and 0.5845.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6023 and 0.5952).

Supports and resistances

0.6359 **

0.6304 *

0.6250 **

0.6195

0.6070 last

0.6027

0.5991 **

0.5899 *

0.5845 **

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