As for the rationale, technical traders seem to be citing the appearance of fibonacci, trendline and triangle technical patterns.
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 clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
The closest is the 20 day average, which is 141.8 pips away.
The closest is the 50 day average, which is 4 pips away.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
For additional context, note that price has gone up 5 out of the past 10 days.
Or to simplify this another way, note that out of the past 10 days aud/chf’s price has gone down 6 them.
For additional context, note that price has gone down 6 out of the past 10 days.
This imputes a buy/sell ratio of 0.8, which is neutral.