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AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.59985, 0.60112, 0.60423

Key Support Levels: 0.59651, 0.59292, 0.58895

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it swept liquidity at a major support level of 0.58643 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

AUD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a key level of 0.59292 and has sustained above that. As of now the pair has broken and retested a minor level of 0.59651 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 0.59802

TP @ 0.59963

Stop Loss @ 0.59625

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.

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