2026-10-23 Readings lean neutral
AUD/CHF trades flat in a tight range as traders weigh RBA hike risks against SNB policy
The Australian dollar is holding steady against the Swiss franc at 0.57622. Both currencies show minimal momentum over the last 24 hours. The market is currently ranging as traders digest recent central bank commentary.
Trend and momentum
The 1-hour and 4-hour trends are both ranging. Momentum indicators are flat, with the 1-hour RSI at 47.51 and the 4-hour RSI at 46.18. Price action remains inside the 1-hour Bollinger Bands without a squeeze, and the pair has used only 52% of its average daily range today.
Key levels
Key levels to watch include yesterday's high at 0.58010 and low at 0.57434. The recent 4-hour range spans from 0.57182 to 0.58059. Last week's high sits at 0.58473, while the low is 0.57043. A break above yesterday's high could signal a shift toward upward momentum, while dropping below yesterday's low might open the door to test the 4-hour range bottom.
News and events this week
The Reserve Bank of Australia is in focus after Deputy Governor Andrew Hauser warned on October 21 that the inflation outlook is worsening, raising the odds of a November rate hike. In Switzerland, the SNB released its monetary policy meeting minutes on October 22, following their September decision to hold rates at 0%. Looking ahead, RBA official Jones is scheduled to speak on October 25.
What would push it higher
If Australian inflation fears prompt stronger expectations of an RBA rate hike, the Australian dollar could gain strength. A push above the recent 4-hour highs would confirm a shift in momentum.
What would push it lower
If global risk sentiment sours, the safe-haven Swiss franc could attract buyers. A drop below yesterday's low would suggest sellers are taking control of the current range.
The engine has no open signal on this pair. Today's signals →