Price action traders in particular will want to note that the 14 and 30 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
Or to simplify this another way, note that out of the past 10 days eur/chf’s price has gone up 6 them.
Compared to its peers in the forex, aud/usd gave its buyers a return that ranked 33rd in terms of percentage change since yesterday.
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.
The closest is the 50 day average, which is 72.3 pips away.
This imputes a buy/sell ratio of 1.33, which is bullish.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
As for the rationale, technical traders seem to be citing the appearance of relative strength index and trendline technical patterns.