AUD/CHF chart - Trading View
Technical Analysis: Bias Bearish
- AUD/CHF slips lower from session highs at 0.6717 and was trading 0.13% higher at 0.6685 at around 11:45 GMT
- Upside in the pair was rejected at stiff resistance at 50-DMA at 0.6715
- The pair has resumed downside after recovery attempts were rejected at 200-DMA
- Price action is grinding lower along daily cloud resistance, major moving averages are trending lower
- MACD confirms bearish crossover on signal line and ADX supports weakness
- GMMA indicator shows major and minor trend are bearish
Support levels - 0.6650 (20-month MA), 0.6639 (Lower BB), 0.6581 (76.4% Fib)
Resistance levels - 0.6721 (5-DMA), 0.6746 (200H MA), 0.6753 (55-EMA)
Summary: AUD/CHF has erased upbeat sentiment led gains. Major trend in the pair remains bearish. Downside resumption will see dip till 0.6581 (76.4% Fib). Bearish invalidation only above daily cloud.
