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AUD/CHF Potential Upward Movement

AUD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.67966, 0.68204, 0.68250.

Key Support Levels: 0.67507, 0.66976, 0.66425.

Daily Chart:

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

1-Hour Chart:

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.

Signal Idea:

Buy Market Order @ 0.67514

TP 1 @ 0.67957

TP 2 @ 0.68204

Stop Loss @ 0.67324

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.

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