AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.68014, 0.68443, 0.68998.
Key Support Levels: 0.67503, 0.67179, 0.67170.
The price on the higher time frame found buyers around the 0.67179 CHF mark which was showed by a hammer bar. This led to an end of the pull back and a continuation of the main trend to the upside is expected in the coming hours.
AUD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside with the help of a double bottom formation. We expect a lower correction to the 0.67503 CHF mark before a new impulsive wave toward the target profit.
Buy Limit Order @ 0.67515
TP 1 @ 0.67992
TP 2 @ 0.68199
Stop Loss @ 0.67335
Trade Safely 🙂