AUD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.67966, 0.68204, 0.68250.
Key Support Levels: 0.67507, 0.66976, 0.66425.
The price on the higher time frame succeeded to break the bearish trendline to upside after posting higher low and an accumulation phase. This move to the upside is expected and the price could reach the 0.67957 CHF mark.
AUD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair posted a range above the double bottom formation. This shows that the market is about to move to the upside after bouncing on the neckline of the double bottom.
Buy Market Order @ 0.67514
TP 1 @ 0.67957
TP 2 @ 0.68204
Stop Loss @ 0.67324
Trade Safely 🙂