Here’s a bullish technical analysis for the AUD/CHF pair on the H4 chart:

Moving Averages: The AUD/CHF pair is trading above the 50-period and 200-period moving averages, indicating a bullish trend. The 50-period moving average has crossed above the 200-period moving average, forming a “Golden Cross,” which is a strong bullish signal1.

Relative Strength Index (RSI): The RSI is currently above 50, suggesting that the momentum is in favor of the bulls. If the RSI approaches the overbought territory (above 70), it could indicate strong buying pressure2.

MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are above the zero line, which is a bullish indicator. This suggests that the upward momentum is likely to continue3.

Bollinger Bands: The price is moving towards the upper Bollinger Band, indicating that the pair is in an uptrend. A breakout above the upper band could signal further bullish momentum2.

Support and Resistance Levels: The pair has recently broken above a key resistance level around 0.5700, which now acts as support. The next resistance level to watch is around 0.58001.

Volume: An increase in trading volume on bullish candles suggests strong buying interest and supports the bullish outlook3.

Overall, the technical indicators on the H4 chart for AUD/CHF suggest a bullish trend.
Chart PatternsTechnical IndicatorsTrend Analysis

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