AUD/CHF may rise 19 - 29 pips

0.5871 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 0.5871 would call for 0.5855 and 0.5845.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (0.5883) but under its 50 period moving average (0.5890).

Supports and resistances

0.5934 **

0.5924 *

0.5915 **

0.5905

0.5886 last

0.5877

0.5871 **

0.5855 *

0.5845 **

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