The Australian Dollar has been appreciating against the Swiss Franc since the middle of September. This movement is bounded by a two-week ascending channel.
Currently, the currency pair is trading above the 50-, 100-, and 200-hour simple moving averages. From a technical point of view, the rate could continue moving north until it reaches a resistance cluster formed by the weekly and the monthly PPs at 0.7173.
However, the weekly R1 at 0.7144 could hinder the AUD/CHF currency exchange rate from reaching the targets within the next 48 hours.
