AUDCHF: Will the Pair Break 0.5790 and Target 0.5830?
AUD/CHF is currently trading at 0.5745, with a major resistance level at 0.5860 and support at 0.5670. Additionally, there is another resistance at 0.5790 and support at 0.5720. The pair has tested the 0.5830 resistance level twice and dropped but consistently reversed from the 0.5720 support. Currently, at 0.5745, we believe the price is likely to test the 0.5790 resistance again. If it breaks this level, the next target would be the 0.5830 resistance.
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