AUD/CHF Down 2 Pips On 4 Hour Chart, Nears 20 and 50 Day Moving Averages; Pin Bar Pattern Appearing on Chart

AUD/CHF 4 Hour Price Update

Updated August 06, 2020 09:09 AM GMT (05:09 AM EST)

AUD/CHF entered the current 4 hour candle at 0.6536, down 2 pips (0.03%) from the previous 4 hours. Compared to its peers in the Forex, AUD/CHF gave its buyers a return that ranked 23rd in terms of percentage change since the previous 4 hours.

AUD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUD/CHF entered today at 0.65388, up 6 pips (0.09%) from the day prior. Out of the 40 instruments in the Forex asset class, AUD/CHF ended up ranking 8th for the day in terms of price change. Below is a price chart of AUD/CHF.

AUD/CHF

AUD/CHF Technical Analysis

Coming into today AUD/CHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days AUD/CHF’s price has gone down 6 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.