AUDCHF Technical Analysis: Weekly Chart

In the weekly charts, AUDCHF is trading in a down channel. AUDCHF is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.5900 the resistance level is at 0.6325

AUDCHF Index will trade in a down channel until there is a trend reversal. 

AUDCHF Technical Analysis: Daily Chart

In the daily charts, AUDCHF was trading in a down channel. AUDCHF is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.5900 the resistance level is at 0.6300

AUDCHF will trade in a down channel until there is a trend reversal.   

How to Trade AUDCHF this Week:

AUDCHF will follow the downtrend until its trend reversal. So, remain bearish on AUDCHF.

TRADE SUGGESTION- SELL AT 0.6160, TAKE PROFIT AT 0.5800 AND STOP LOSS AT 0.6250