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AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.68041, 0.68394, 0.69120.

Key Support Levels: 0.67173, 0.66658, 0.66419.

Daily Time Frame:

The price on the higher time frame found support around the 0.67157 CHF mark where it reversed and managed to move higher with the help of an engulfing bullish pattern. This could lead to a new move higher toward the next key resistance level.

AUD/CHF Medium-Term Trend: Bullish

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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