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Aud-chf

AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias. Stochastic (34,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias. Stochastic (34,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
AUDCHF approaching support, potential bounce! Price is approaching our first support at 0.7316 (Horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7392 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
AUDCHF approaching support, potential bounce!Price is approaching our first support at 0.7316 (horizontal swing low support, 61.8% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7396 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
AUD/CHF slumps, 'Shooting Star' suggests further declinesAUD/CHF extends weakness after upside was rejected at daily cloud. We evidence a 'Shooting Star' pattern formed on the daily charts which supports further weakness in the pair. Price action has retraced below 21-EMA and 5-DMA, eyes major trendline support (Triangle Base) at 0.7280. Breach at 'Triangle Base' raises scope then for test of 0.7242 (2018 lows). Bearish invalidation only on break above cloud base. Support levels - 0.73, 0.7280 (trendline), 0.7263 (Mar 28 low), 0.7242 (2018 lows till date) Resistance levels - 0.7366 (5-DMA), 0.7370 (21-EMA), 0.74 Good to stay short on upticks, SL: 0.7375, TP: 0.73/ 0.7280/ 0.7245
Short
by FxWirePro
2
AUD/CHF 1H Chart: Two patterns dominateThe Australian Dollar has been trading sideways against the Swiss Franc for the last two months. This movement is a part of a larger up-trend which started in March when the pair reversed from the senior channel circa 0.7250. The rate is currently located near the senior channel. It is expected that the Aussie continues to move higher during the following days and approach the aforementioned senior channel at 0.7610. Subsequently, the pair could lack the necessary momentum to breach this strong resistance level, especially if the current movement has been sideways, and thus let the bearish sentiment take over the rate. This long-term pattern is expected to hold for the following month, at least.
by UnknownUnicorn890690
AUD/CHF 4H Chart: Aussie lingers near long-term channelAUD/CHF has been trading in two dominant patterns, namely, an eight-month descending channel and a junior channel which formed in early February. During the past few weeks, the pair has remained near upper boundaries of these two patterns. The Australian Dollar’s weakening against the Swiss Franc during the previous sessions has provided a possible short-term buying opportunity for bulls. A possible near-term target for this week is the 50.0% Fibo and the upper boundary of the senior channel at 0.7520. In case this level is surpassed, the pair should test the monthly R1 and the 61.80% Fibo at 0.76. Conversely, a breakout of the 200-hour SMA should send the Aussie for a decline down to the junior channel and the monthly S1 circa 0.7350.
by UnknownUnicorn890690