AUD/CHF Moves Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

AUD/CHF Price Recap

AUD/CHF is down 197 pips (3.24%) since yesterday (with its current price near 0.5885), marking the 2nd 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 76.38% from the day prior, and up 118.42% from the same day the week before. Relative to other instruments in the Forex asset class, AUD/CHF ranked 38th yesterday in terms of percentage price change. Below is a price chart of AUD/CHF.

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. For additional context, note that price has gone down 11 out of the past 14 days.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on AUDCHF, with 0 buy signals on our radar and 5 sell signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

If H4 time frame candel get close under 0.60100, you can get a short position in this symbol.Your targets are: Tp1: 0.59500Tp2: 0.59200Good Luck…