AUD/CHF Down 3 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Eyes 20 Day Average

AUD/CHF 4 Hour Price Update

Updated July 02, 2020 01:14 AM GMT (09:14 PM EST)

AUD/CHF is down 3 pips (0.05%) since the previous 4 hours (opening the current 4 hour candle near 0.6537), marking the 3rd candle in a row it has gone down. Relative to other instruments in the Forex asset class, AUD/CHF ranked 22nd the previous 4 hours in terms of percentage price change.

AUD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUD/CHF is up 4 pips (0.06%) since the day prior (opening today near 0.6542), marking the 5th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, AUD/CHF ranked 10th the day prior in terms of percentage price change. Let’s take a look at price chart of AUD/CHF.

AUD/CHF Technical Analysis

Notably, AUD/CHF is now close to its 20, 50 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 10.5 pips away. Volatility for AUD/CHF 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 up over that time. For additional context, note that price has gone up 18 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Of note is that traders in aggregate have opinions on AUDCHF, with 5 buy signals on our radar and 6 sell signals. This imputes a buy/sell ratio of 0.83, which is neutral. As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Jul 01Hey Friends, here my 4H-Chart idea to AUD/CHF . Bullish Triangle (In the chart you will find all information) Have a nice Weekend.-> IMPORTANT: Just my opinion no financial advice, everyone is responsible for their own investments or trades!