AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.6895, 0.6912, 0.6950
Key Support Levels: 0.6818, 0.6784, 0.6750
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
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.
Buy Market Order @ 0.6851
TP 1 @ 0.6890
TP 2 @ 0.6912
Stop Loss @ 0.6841
Trade Safely 🙂