AUDCHF TECHNICAL ANALYSIS

Here is an AUDCHF Technical Analysis on the daily time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

AUDCHF on the Daily Time Frame

Price is currently trading below the 15 and 30 EMA. Price is at the bottom range of the channel, it hit a support level and may possibly be reversing. Price is most likely going to go up.

Price is in a downward channel.

Price recently came in contact with the slanted support level.

MACD is in red and below the zeroline.

Additional points on AUDCHF

15 and 30 EMA may act as a potential dynamic resistance.

Conclusion

Price is expected to increase.

 

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Have a great trading day ahead!

Ilyas Ismail

Currency Strategist

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