Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
AUD/CHF on track to test 200-DMA, stay short
Australian Dollar / Swiss Franc
Short
AUD/CHF on track to test 200-DMA, stay short
By FxWirePro
Follow
Follow
Apr 10, 2017
8
Cheer
Cheer
Apr 10, 2017
AUD/CHF has been rejected at session highs at 0.7581, intraday bias lower.
The pair finds strong support by daily cloud base at 0.7538, break below will accentuate weakness.
Technical studies are bearish, break below daily cloud raises scope for test of 200-DMA at 0.7502.
Violation at 200-DMA to see test of 0.7475 and then 0.7435 (Nov 11 low).
On the flipside we see bearish invalidation only on close above 5-DMA at 0.7575.
Close above 5-DMA could take the pair to 20-DMA resistance at 0.7612.
Support levels - 0.7538 (cloud base), 0.7502 (200-DMA), 0.7475 (Mar 27 low), 0.7435 (Nov 11, 2016 low)
Resistance levels - 0.7575 (5-DMA), 0.76, 0.7612 (20-DMA), 0.7634 (April 5 high)
Good to go short on rallies around 0.7560, SL: 0.76, TP: 0.75/ 0.7475/ 0.7435
aud
AUDCHF
chf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.