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Aud-chf

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
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. www.poundsterlinglive.com www.fxstreet.com www.forexlive.com Daily: Weekly: Confidence: B (risk of getting whipsawed, better to enter this trade after Personal Consumption & GDP news on Friday)
Short
by aiza_belle
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 .
Short
by Trueman23
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.
Short
by FxWirePro
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.
by UnknownUnicorn890690