AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.57452, 0.57920, 0.58561

Key Support Levels: 0.56739, 0.56229, 0.55319

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 0.55319 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

AUD/CHF Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone and then formed a demand zone. As of now the pair has the potential to retest the zone before continuing the move. 

Signal Idea:

Buy Limit Order @ 0.57078

TP @ 0.57391

Stop Loss @ 0.56695

Trade Safely 🙂