Chart - Courtesy Trading View
Technical Analysis:
- AUD/CHF was trading 0.59% higher on the day at 0.6667 at around 15:00 GMT
- The pair has ignored previous session's Doji formation and edged higher
- Price action is testing 21-EMA resistance and decisive break above will fuel further gains
- Momentum is bullish, Stochs and RSI are biased higher, Chikou span is biased higher
- Price action is above 200H MA and GMMA indicator shows major and minor trend are bullish on the intraday charts
Support levels:
S1: 0.6635 (200H MA)
S2: 0.6622 (20-DMA)
Resistance levels:
R1: 0.6672 (61.8% Fib)
R2: 0.6749 (55-EMA)
Summary: AUD/CHF is hovering around 21-EMA, watch out for decisive break above for further upside.
