Aud/chf. Make analysis for the next 24h

The AUD/CHF currency pair is likely to experience a range of 0.6685 to 0.6730 in the next 24 hours, with a slight bias towards the lower end of the range due to the overall bearish sentiment. Here's a detailed analysis:

1. Technical Indicators: The 14-day Relative Strength Index (RSI) for the AUD/CHF pair is above 70, indicating an overbought condition and suggesting a potential downward correction in the near future. This is consistent with the market sentiment that the pair may be due for a pullback.
2. Channel Analysis: The AUD/CHF pair is trading within a range of 0.6685 to 0.6730, with a slight bias towards the lower end of the range. The pair has been consolidating within this range for some time, which could indicate a lack of clear momentum in either direction.
3. Market Sentiment: The overall sentiment is bearish, with expectations of a potential rate cut by the Bank of Canada, which could weaken the Canadian Dollar against the US Dollar. This could lead to a higher AUD/CHF exchange rate, as the AUD would be relatively stronger compared to the CHF.
4. Recent Economic Data: The Swiss Franc is currently trading within a range of 0.8400-0.8550, with bullish momentum suggesting potential for higher prices. However, the pair needs to clear the 50-day moving average at 0.8537 and the September 12 peak of 0.8550 to target 0.8600 and 0.8748. This could limit the upside potential in the short term.
5. Strategic Positioning: Investors are positioning for a jumbo rate cut by the Bank of Canada, which could lead to increased volatility in the currency markets. This could result in a range-bound movement in the AUD/CHF pair, with potential for a pullback if the rate cut does not materialize.

In conclusion, while there are signs of an overbought condition and potential downward correction in the short term, the overall market sentiment and economic data suggest that the AUD/CHF pair could experience a range of values within the 0.6685 to 0.6730 range in the next 24 hours, with a slight bias towards the lower end due to the potential rate cut and bearish sentiment. However, the consolidation within the recent range and the potential for a rate cut suggest that the upside potential may be limited in the short term.