Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/CHF spikes over 1.20%, inches closer towards 200-DMA

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

- AUD/CHF was trading 1.21% higher on the day at 0.6706 at around 15:35 GMT

- The pair snapped a two day downside and edged higher on improving risk appetite

- Russia indicated it was ready for talks with Ukraine, raising hopes for a diplomatic solution 

- Technical bias for the pair has turned bullish. RSI is sharply higher and above 60 level

- Price action has edged above 200H MA and GMMA indicator shows major and minor trend have turned bullish

Support levels - 0.6655 (110-EMA), 0.6640 (5-DMA), 0.6615 (55-EMA)

Resistance levels - 0.6709 (55-week EMA), 0.6729 (200-DMA), 0.6750 (110-week EMA)

Summary: AUD/CHF trades with a bullish bias. Watch out for break above 55-week EMA for further upside. 
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.