AUDCHF Forecast and Live Chart

The Australian Dollar/Swiss Franc currency pair (also referred to as AUDCHF and AUD/CHF) is a frequently traded forex pair. In this article, we will examine how AUDCHF is performing.

AUDCHF Key Stats

2021 high: 0.7259
2021 low: 0.6411
YTD high: 0.7094
YTD low: 0.6509
YTD % change: +1%

AUDCHF Forecast Summary

Wile the AUDCHF has experienced a slight recovery in the past month after a decline starting around May, we do see another leg lower in the medium term due to the current uncertain economic climate. Our target for that leg lower is the recent lows at 0.6537. Over a longer time horizon, we see a move further lower to 0.6425.

AUDCHF Fundamental Analysis

While technical analysis is essential, the direction in which a pair trades on any given day, week, month, or year, is usually influenced by macroeconomic factors. For example, the Ukraine-Russia conflict, inflation, soaring energy prices, and more impact how markets, including FX pairs, move. Therefore, while using technicals to enter and exit the market (set stop-losses, take profits, etc.) is vital, keeping up to date with economic/geopolitical data and activity is equally important.

The Australian Dollar is a major currency and one of the most traded currencies worldwide. Australia has a large amount of natural resources, including iron ore, coal, and gold which make up a significant percentage of its exports. Due to their proximity, India and, even more so, China are large importers of Australian commodities. At the same time, Australia imports heavy machinery and goods produced in those countries. Therefore, when countries that are big importers of Australian goods experience an economic downturn, it impacts Australian exporters, hurting the supply chain and resulting in a weakening Australian dollar.

The Swiss franc is considered a safe haven by investors. Therefore, in times of economic turmoil, the CHF benefits significantly with investors moving their money into Swiss francs. This is due to Switzerland’s solid economic system with a limited but realistic growth rate. Furthermore, its income exceeds its expenses meaning there is no deficit making the currency stable. The CHF’s safe-haven status means the current uncertain global economic outlook has resulted in solid gains for the CHF over many other currencies.

AUDCHF Technical Analysis

Support Levels:

0.6540
0.6415

Resistance Levels:

0.6770
0.6829

After a significant run higher during the endemic market bounce, the Swiss franc has strengthened, although not at any real pace. A fall in June has been met with a slight pullback in July after a bounce from the 0.6540 level, which will be a crucial area to watch for a move lower. We expect it to break and find some resistance at around 0.6415 eventually.

However, any downside move will first have to come at the expense of the current uptrend. However, price has so far respected the trendline. To the upside, areas to look out for are 0.6770 and 0.6829. It is important to remember that levels are dynamic, so they may not be exact when it comes to price hitting them. For example, a level of 0.6770 may be the one we quote, but the price may increase to 0.6769 before retracing. So it’s essential to look at the level rather than the exact price.

Trade AUDCHF with our top brokers

Broker	Features	Regulator	Platforms	Next Step
Your capital is at risk Founded: 2014	User-friendly platform with great trade-analysis tools Leverage Up To 1:500 Spreads as low as 0.00 pips Quality trade execution thanks to high-spec IT infrastructure $0 minimum account opening balance 26,000 tradeable instruments Not available in all jurisdictions Regulatory infrastructure Read BlackBull Review	FSPR	MT4	Sign Up OPEN FREE DEMO ACCOUNT Read BlackBull Review
Your capital is at risk Founded: 2006 Europe* CFDs ar...	Multi-asset broker offering a wide variety of markets Strong regulatory framework Innovative risk management tools Choice of market-leading platforms Wide spreads on some markets Expiry date on Demo Accounts Read AvaTrade Review	ASIC, FSA, FSB, MiFID	MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader	Sign Up OPEN FREE DEMO ACCOUNT Read AvaTrade Review
Between 74-89% of CFD traders lose Founded: 2010 Between 74-89 % of retail investor accounts lose money when trading CFDs	Low trading costs Great market flow Research and analysis which helps spot trades Wide range of Copy and Social Trading options Limited range of non-forex markets Read Pepperstone Review	ASIC, FCA	MetaTrader 4, MetaTrader 5, cTrader	Sign Up OPEN FREE DEMO ACCOUNT Read Pepperstone Review
77% of CFD traders lose Founded: 2007 77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.	Social and Copy Trading Platform Beginner Friendly Risk-free Demo Account Top-tier regulation Limited means of raising queries Withdrawal process isn’t really ‘client-focused’ Read eToro Review	ASIC, CySEC, FCA	eToro Platform	Sign Up OPEN FREE DEMO ACCOUNT Read eToro Review
Your capital is at risk Founded: 2009, 2015, 2017	Low minimum deposit Super- tight bid-offer spreads Impressive trading platforms Tier-1 regulators Difficult to contact tech support No Crypto Read XM Group Review	ASIC, CySEC, IFSC	MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5	Sign Up OPEN FREE DEMO ACCOUNT Read XM Group Review
Your capital is at risk Founded: 2006	Very well regulated Comprehensive education section Fantastic customer service No cryptocurrencies Fees could be more competetive Read FxPro Review	CySEC, DFSA, FCA, FSB, SIA	MetaTrader4, MetaTrader5, cTrader, FxPro Edge (Beta)	Sign Up OPEN FREE DEMO ACCOUNT Read FxPro Review

Forextraders' Broker of the Month

BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.