AUD/CHF ST: the downside prevails as long as 0.938 is resistance
26-May-11
05:21
Our pivot point stands at 0.938.
Our preference: the downside prevails as long as 0.938 is resistance.
Alternative scenario: the upside breakout of 0.938, would call for 0.956 and 0.966.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (standing respectively at 0.9365 and 0.9405).
Supports and resistances:
0.956 *
0.938 **
0.931
0.9224 last
0.896
0.886 **
0.875 *
Ticker: AUDCHF
