FxWirePro: AUD/CHF ends consolidation, 200-DMA at 0.6514 in sight

AUD/CHF chart - Trading View 

After extending sideways for the past week, AUD/CHF has broken out of consolidation and is extending gains.

The pair was trading 0.88% higher on the day at 0.6408 at around 10:55 GMT after closing 0.11% higher in the previous session.

Volatility is rising, GMMA indicator shows trend has shifted bullish on the near term moving averages.

Momentum with the bulls. Next major hurdle on the upside aligns at 200-DMA 0.6514. Breakout will fuel further gains.

110-EMA is strong support at 0.6321. Break below will see weakness in the pair. Bullish invalidation below 55-EMA at 0.6243.

Support levels - 0.6368 (5-DMA), 0.6321 (110-EMA), 0.6243 (55-EMA), 

Resistance levels - 0.6430 (Upper BB), 0.65, 0.6514 (200-DMA)