Aud-chf
AUDCHFThis symbol features the Australian Dollar - Swiss Franc cross pair. While less popular than the AUDJPY cross, the AUD/CHF has similar characteristics in that it can be used as a carry trade. Some may also view this pair as a reflection of risk sentiment due to the risk-on nature of the Australian currency and the safe-haven characteristics of the Swiss franc.
AUDCHF ShortWaiting for the bounce before the possible bearish slide of this pair if not by Friday, by next week, based on price action from the weekly chart as well as the bearish effect on most AUD pairs in general due to recent USD strength from rising US yields and general hawkishness of the Fed. Setting up sell stop order @0.74069 with TP near the weekly trendline support @0.731 and SL just a few pips above this week's resistance @0.746.
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Confidence: B (risk of getting whipsawed, better to enter this trade after Personal Consumption & GDP news on Friday)
Aud Chf possible DT right into s/r Zone Aud Chf is trading around the 200 ma with no real clear direction but if you take a closer look you will see that we just forming a double top right at the MA and right into a s/r area , we see several test of this zone from above and below if we look a bit to the left .
I would like to see price droping from here and enter after smaller TF support breaks down like in the Picture above. .
Or for a long scenario i want to see a break n close above our s/r zone here .
Buy to .75 - Bounce off Upward TrendlinePrice bounced off the trendline, signifying a bullish move to the upside.
Being conservative on this one as price may not continue on higher after .75, due to the new lower low price action
AUD/CHF short setup on 'Bearish Bat' formationAUD/CHF pauses downside at 100-DMA support at 0.7468, we see weakness on break below.
The pair has failed to extend gains above 200-DMA, and is retracing from 3-month highs at 0.7567.
Price action hovers around daily Ichimoku cloud, and break below 100-DMA raises scope for test of 21-EMA at 0.7433.
We evidence a 'Bearish Bat' formation on daily charts which adds to the bearish bias.
Stochs are on verge of a rollover from overbought levels and bullish momentum is fading.
Violation at 21-EMA will see further weakness. While on the flipside, 200-DMA is major resistance, any further upside only on decisive break above.
Focus now on Australia inflation numbers, weak data could push the Aussie lower.
Support levels - 0.7468 (100-DMA), 0.7433 (21-EMA), 0.7428 (38.2% Fib), 0.74
Resistance levels - 0.7502 (5-DMA), 0.7544 (converged 200-DMA & 61.8% Fib), 0.7567 (Apr 19 high)
Good to go short on break below 100-DMA, SL: 0.75, TP: 0.7430/ 0.74/ 0.7360.
AUD/CHF 1H Chart: Reverses from senior channelThe bullish sentiment which started late in March has guided the AUD/CHF currency pair towards the upper boundaries of two channels circa 0.7510. This marks a 3.35% increase in price within the last three weeks. The Aussie has likewise breached a short-term ascending channel.
It seems that this may point to a continuous move south that is expected to occur within the following trading days. Important support is set by the 200-hour SMA and the combination of the weekly S1, the monthly PP and the 38.20% Fibonacci retracement near 0.7330.
Meanwhile, technical indicators are more bullish for this session, thus indicating that some slight upward correction is likely during the following 24 hours. The pair should be hindered near the 0.7490 mark where the 55-hour SMA, the senior channel and the 50.0% Fibo are located. In case this level is surpassed, the Aussie should not move above the weekly R1 and the 61.80% Fibo at 0.7540.
Buy Continuation to .748Buying this pair in continuation of the trend up to next level of resistance .748
AUD/CHF spikes past 100-DMA, eyes 200-DMA, stay longAUD/CHF spikes past 100-DMA, hits 3-month highs at 0.7511 before paring some gains to currently trade at 0.75 levels.
Aussie buoyed on Friday after the Reserve Bank of Australai's (RBA) Financial Stability Report (FSR).
RBA's FSR stated that the risks from high-household debt and aggressive bank lending practices have slightly abated of late.
The pair is trading 0.65% higher on the day, scope for further upside.
Technical support gains. RSI shows strong upside momentum at 64 levels and Stochs are biased higher.
Next bull target aligns at 200-DMA at 0.7541. Break out at 200-DMA could propel the pair higher.
We see weakness only on close below 21-EMA at 0.7388.
Support levels - 0.7485 (50% Fib), 0.7466 (100-DMA), 0.7434 (5-DMA)
Resistance levels - 0.7541 (200-DMA), 0.76, 0.7680 (major trendline)
Good to go long around 0.7480/90, SL: 07430, TP: 0.7540/ 0.76/ 0.7680
Breakout to the DownsideWe see a breakout to the downside on this pair as price broke out below the trend
Risk Reward 2.07
Priced crossed back below the 50ma on the daily chart, and the ADX is declining indicating little trend movement, which is a good confluence for consolidation patterns and that is what we're seeing in this pair
AUD/CHF long setupAUD/CHF struggles to break above stiff resistance at 4H 200-SMA at 0.7348.
Technical studies are bullish and breakout at 4H 200-SMA could see further upside.
The Reserve Bank of Australia kept rates unchanged at record low of 1.5 percent. The statement was in line with what was expected.
AUD/CHF up 0.36% on the day, trading at 0.7341 at the time of writing.
Technical indicators have turned bullish. RSI has edged above 50 levels and Stochs are biased higher.
Further, bullish divergence on RSI and Stochs keeps scope for upside in the pair.
On the downside, break below major support at 0.7260 will see further weakness. Scope then for test of 0.7148 levels.
Support levels - 0.7317 (5-DMA), 0.7266 (Feb 9th low), 0.7260 (trendline), 0.7242 (March 2 low)
Resistance levels - 0.7348 (4H 200-SMA), 0.7361 (20-DMA), 0.74
Watch out for break above 4H 200-SMA to go long, SL: 0.7315, TP: 0.7375/ 0.74.
AUDCHFThe mother bar broke yeterday with bullish momentum. Now waiting to reach to the next resistance zone and see the market reaction to that level.
AUD/CHF sellAud is weak, chf is strong right now. Put that together along with a 4 hr consolidation breakout, expect more downside.
AUD/CHF short setupAUD/CHF slips lower below 5-DMA support at 0.7442, currently trades at 0.7425, intraday bias lower.
SNB maintains status quo, leaves deposit rate unchanged at -0.75%, failed to provide any fresh impetus.
Renewed concerns over a global trade war lending some support the Swiss Franc's safe-haven appeal.
Technical studies are turning slightly bearish. Stochs are on the verge of a rollover from overbought levels.
Upside remains capped below 50-DMA and daily cloud also weighs on the upside.
We evidence bearish divergence from price action on RSI and Stochs which adds to bearish bias.
Price has slipped below hourly cloud and is on track to test 200-SMA at 0.7395. Violation there could see further weakness.
Support levels - 0.7395 (1H 200-SMA), 0.7364 (20-DMA), 0.7334 (61.8% Fib retrace of 0.7242 to 0.7483 rally)
Resistance levels - 0.7442 (1H 55-EMA & 5-DMA), 0.7467 (50-DMA), 0.75
Good to go short on rallies around 0.7425/35, SL: 0.7470, TP: 0.7395/ 0.7365/ 0.7335
AUDCHF LongRiding the bullish sentiment on AUD in COT report along with its rally last week after some good news regarding its better than expected trade balance as well as China's CPI, and Australia getting exempted too from steel tariffs imposed by Trump (like Canada and Mexico). Must monitor CHF and EUR closely though because any signs of rally soon might make this pair ranging instead and there's risk of getting whipsawed instead. Setting up buy stop order @0.75 with TP near weekly resistance @0.775 and SL somewhere between base and R1 pivot lines @0.74
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Daily:
Weekly:
Confidence: B (because of geopolitical risk concerning EUR that can affect CHF)
AUD/CHF 1H Chart: Guided by bullish channelFollowing a month of consolidation, the Australian Dollar managed to gather enough momentum to break out of this range northwards. As a result, AUD/CHF formed an ascending channel, and it is gradually approaching the senior pattern located in the 0.7580/0.7600 area. It is expected that upside risks continue to prevail in the market during the following two weeks until the senior channel, reinforced by the monthly R2, is reached.
As apparent in the chart, the rate has struggled to move above the 50.0% Fibo retracement located at 0.7486 this week. Thus, the Aussie might go for a short-term correction south within the following trading sessions. A possible downside target is the upper boundary of the breached channel, the 200-hour SMA and the monthly PP circa 0.7360.
