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 chart 

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.

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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.

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