AUD / CHF, NZD / CHF, CAD / CHF TECHNICAL ANALYSIS – TALK POINTS
- The Swiss franc has come back low AUD and NZD in February
- Recent AUD / CHF and NZD / CHF the moves do not yet determine a change in trend
- CAD / CHF is the tendency to trade in the range – will it continue?
AUD / CHF Technical Analysis
Since the peak in February, the AUD / CHF has been on a downward trend, with lower highs and lower lows. The downward movement accelerated in early July to a low of 0.6513 at the end of August. In doing so, the cross broke through the two support levels from the previous bottoms. The cross then rebounded sharply through these turning points in disintegration, suggesting that the market was now rejecting this drastic move.
Several levels of resistance must be overcome to break the downward trend. Immediately above the market is the last peak – 0.6825. The bearish trend is currently 0.6880 and the 100-day simple moving average (SMA) is currently 0.6853. Above it is a pivot point of 0.6892 and an earlier peak of 0.7003, which can provide resistance.
On the downside, a 21-day SMA at 0.6690 may provide some support, and the previous two low values of 0.6514 and 0.6363 may also provide some support to test these levels.
NZD / CHF Technical Analysis
NZD / CHF has a similar setup to AUD / CHF, except that the first late-night rally has brought out some more levels of topside resistance. The recent higher rise has seen NZD / CHF break through the top of the declining trading channel. It trades at over 100-day SMAs at 0.6521 and this level may provide some support, followed by recent lows of close to 0.6500. In addition, May’s highest 0.6570 may provide some resistance.
CAD / CHF technical analysis
The CADThe / CHF cross rate has recently spent periods in different trading ranges, and it may be that he has created a new one one after a lower rupture in August. The low backward movement was rapid and is now trading again in a wide range.
Interval–the trading package currently shows potential resistance at a recent high of 0.7385 and a 100-day SMA of 0.7352. Support can be provided at a reverse access point kl 0.7174 or previous lowest kl 0.7088.
A 21-day SMA with 2 standard deviation bolling bands indicates that CAD / CHF is in the midst of recent pricing. Should a break in the range occur, this will be based on a downward trend. Tmake a line barriers can provide resistance at 0.7305 and initial support at 0.7125.
– Written by Daniel McCarthy, Strategist at DailyFX.com
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