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AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.6895, 0.6912, 0.6950

Key Support Levels: 0.6818, 0.6784, 0.6750

Daily Chart:

The price on the higher time frame is traded inside a bearish channel formation where it found support around the 0.6784 USD mark. This led to a reversal and a move to the upside and heading towards the previous key level which is the 0.6895 USD.

AUD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price is traded inside a bullish channel formation where it managed to break the previous swing high and now it is retracing to it. We are expecting further movement to the upside toward the target profit mentioned below.

Signal Idea:

Buy Market Order @ 0.6851

TP 1 @ 0.6890

TP 2 @ 0.6912

Stop Loss @ 0.6841

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

3 comments

  1. So glad to have found your channel. I am an Ontarian too and much appreciate your generosity and transparency! I am a newbie.. I can’t wait to try out the forex robots and some of the strategies you’ve shared, What are some suggestions where I should start, like strategies for starter?
    Thanks again,

  2. Just want to confirm if AUDCHF still running or close?

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