. Weekly Forex Pair & Technical Analysis - 04 April 2023

Weekly Forex Pair & Technical Analysis – 04 April 2023

04 Apr 2023

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 0.6000 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 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 0.6000 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 0.6000, AND STOP LOSS AT 0.6250