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Swiss Franc/Australian Dollar

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CHFAUD trade ideas

Don't miss the great buy opportunity in AUDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6712). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Take Profits: TP1= @ 0.6750 TP2= @ 0.6820 TP3= @ 0.6888 SL= Break below S2
Long
by ForecastCity_EU
Don't miss the great buy opportunity in AUDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.6773 TP2= @ 0.6845 TP3= @ 0.6945 SL= Break below S2
Long
by ForecastCity_EU
AUD/CHF Technical analysisThe support of 0.68840 proves to be a tough nut for the bears. After bouncing back sharply twice, the pair was under the cloud of a bearish trendline for 5 months, which has broken now. Also, the pair found support at 61.8% of the previous rally, which is a strong bullish sign. Hence, we expect the trade with bullish bias. The next levels to watch out for are the resistances of 0.72672 and the critical level of 0.73672, which is the 27.2% Fibonacci extension. The crossing of both these levels can confirm a long-term uptrend in the counter.
Long
by traderpulse