AUD/CHF Heads Down For the 6th Day In A Row; in a Downtrend Over Past 14 Days

AUD/CHF Price Recap

AUD/CHF is down 181 pips (3.14%) since yesterday (with its current price near 0.55818), marking the 6th day in a row it has gone down. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 22.61% from the day prior, and up 35.29% from the same day the week before. Relative to other instruments in the Forex asset class, AUD/CHF ranked 35th yesterday in terms of percentage price change. Here is a price chart of AUD/CHF.

AUD/CHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 10 days.

A final note on correlations: over the past week, AUD/USD has been the pair most correlated with AUD/CHF — a common occurrence, given the presence of AUD in both currency pairs. On the flip side, in terms of pairs with the least correlation to AUD/CHF, EUR/AUD is the pair that holds that distinction for the past two weeks.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 1 sell signals and 2 buy signals. This imputes a buy/sell ratio of 2, which is bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

We can start to sell the pair if we see a pull back to touch our trend line.Risk to Reward: 6+