AUD/CHF Up 2 Pips Over Past Hour, 3 Day Down Streak Ended; Sentiment Suggests Sellers in Charge

Hourly Update

(Last Updated December 30, 2021 1:37 GMT)

Currently, AUDCHF’s rate is up 2 pips (0.03%) from the hour prior. This is the 2nd consecutive hour AUDCHF has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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)

A moment of silence, please, for the end of AUDCHF’s 3 day down streak; price ended the previous day up 1 pips (0.02%) to finish the day at a rate of 0.66332. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 25th in terms of percentage change since the previous day. 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 and 100 day moving averages, which may act as price barrier for the asset. Volatility for AUDCHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 2 sell signals and 0 buy 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.

Expecting a sell on this pair looking at 30m & hourly timeframe.