AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.68449, 0.68582, 0.69000.

Key Support Levels: 0.68257, 0.68128, 0.68008.

1-Hr Time Frame:

The price on the higher time frame failed to continue its move downward and it retraced with a lower higher signaling that we are in a new trend to the upside leaving a fake out behind. This could lead to a further movement to the upside.

AUD/CHF Medium-Term Trend: Bullish

10-Mins Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.68253

Target Profit 1 @ 0.68449

Target Profit 2 @ 0.68582

Stop Loss @ 0.68089

Trade Safely 🙂