Breaking News

AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.7042, 0.7109, 0.7176

Key Support Levels: 0.6928, 0.6886, 0.6827

Daily Chart:

The price on the higher time frame was in an uptrend for a few weeks and we say good momentum. The pair then did a pullback and found support at the 0.6829 level and bounced back from there. The price has now broken the resistance level of 0.6939 and bullish bias looks strong.

AUD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price broke the resistance level of 0.6928 and then did a retest before continuing momentum. There is also a trendline formation that should show support in the trend.

Signal Idea:

Buy Stop Order @ 0.6979

TP 1 @ 0.7040

TP 2 @ 0.7101

Stop Loss @ 0.6918

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!