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 🙂