1
 

Forex Technical Analysis

 
AA
+
-
The impressive recovery of the Australian dollar – Swiss franc pair that has already managed to recover some 1200 points since the downwards spiral towards record low and extreme levels of 0.7100, could well be only the tip of the iceberg. This becomes apparent when we analyze the potential that the pair has for price rises over the long term. It is important to remember that there is a gap between the currencies that tend to be in favor of the Australian dollar and against the Swiss franc. This constitutes a natural and continuous support framework for the Australian dollar – Swiss franc pair.

In the long term, the pair is expected to move towards the psychological equivalence levels at 1.0000. At the same time, however, in the short term analysis (four hour graph) we can identify two closer key points for realization at around 0.8565 and 0.9165. Confirmation of the start of an upwards move and the end of the present shuffling movement of the pair, will only be received following the clean breakthrough of the 0.8400 Swiss franc to the Australian dollar test level.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.