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 🙂