AUD/CHF Down 12 Pips in Last Hour, Moves Down For the 5th Day In A Row; Eyes 50 Day Average

Hourly Update

(Last Updated May 12, 2022 1:35 GMT)

At the time of this writing, AUDCHF’s rate is down -12 pips (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AUDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDCHF is down 12 pips (0.18%) since the day prior (opening today near 0.68947), marking the 5th day in a row a decrease has occurred. Relative to other instruments in the Forex asset class, AUDCHF ranked 16th the day prior in terms of percentage price change. Below is a price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

The first thing we should note is that AUDCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days AUDCHF’s price has gone down 6 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 1 sell signals and 1 buy signals. This imputes a buy/sell ratio of 1, which is neutral. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Hey traders, in today’s trading session we are monitoring AUDCHF for a selling opportunity around 0.694 zone, once we will receive any bullish confirmation the trade will be executed.Trade safe, Joe.