AUD/CHF Down 76 Pips; in a Downtrend Over Past 14 Days

AUD/CHF Price Recap

AUD/CHF is down 76 pips (1.3%) since yesterday (with its current price near 0.57933), marking the 4th day in a row a decrease has occurred. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 5.92% from the day prior, and up 358.64% from the same day the week before. Relative to other instruments in the Forex asset class, AUD/CHF ranked 31st yesterday in terms of percentage price change. The price chart of AUD/CHF below illustrates.

AUD/CHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days AUD/CHF’s price has gone down 7 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 3 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.33, which is bearish. Here’s a piece we found on that we thought you might enjoy.