AUD CHF Technical Analysis | AUD CHF Trading: 2022-02-14 | IFCM
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AUD CHF Technical Analysis - AUD CHF Trading: 2022-02-14

AUD/CHF Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 0,669

Buy Stop

Below 0,648

Stop Loss

Dmitry Lukashev
Senior Analytical Expert
Articles 2058
RSI Neutral
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral

AUD/CHF Chart Analysis

AUD/CHF Chart Analysis

AUD/CHF Technical Analysis

On the daily timeframe, AUDCHF: D1 came out up from the downtrend. A number of technical analysis indicators formed signals for further growth. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if AUDCHF: D1 rises above the last high of 0.669. This level can be used as an entry point. Initial risk cap possible below the Parabolic signal and the last 3 down fractals: 0.648. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders after making a trade can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (0.648) without activating the order (0.669), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Forex - AUD/CHF

The Reserve Bank of Australia (RBA) has not ruled out a rate hike this year. Will the AUDCHF quotes continue to grow?

The move up means the strengthening of the Australian dollar against the Swiss franc. Reserve Bank of Australia (RBA) Governor Philip Lowe said the rate hike could prevent unemployment from falling to historic lows (around 3%). Recall that in December 2021 it was the lowest since August 2008 and amounted to 4.2%. The Australian labor market data for January will be released on 17 February. The RBA rate is 0.1% from December 2020 with inflation of 3.5% y/y in the 4th quarter of 2021. According to the Australian authorities, excessively low unemployment harms the development of the economy. Philip Lowe also noted that before raising the rate it is necessary to wait for inflation data in April and July. This limited the strengthening of the Australian dollar. In turn, a negative factor for the Swiss franc could be an increase in the Switzerland Consumer Price Index in January by 1.6%. This is the highest inflation rate since October 2008.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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