FxWirePro: AUD/CHF Trade Idea

FxWirePro Currency Strength Index for AUD/CHF: Bias Higher

FxWirePro's Hourly AUD Spot Index was at 83.8675 (Bullish)

FxWirePro's Hourly CHF Spot Index was at -139.567 (Bearish)

Technical Analysis: Bias Slightly Bullish

- We see +ve DMI crossover

- 5-DMA on verge of bullish crossover on 20-DMA

- Price has broken above 21-EMA resistance

- Bullish RSI divergence on daily charts

Support levels - 0.7363 (21-EMA), 0.7337 (5-DMA), 0.7265 (trendline)

Resistance levels - 0.74, 0.7444 (55-EMA), 0.7485 (50-DMA)

Recommendation: Good to go long on dips around 0.7350/60, SL: 0.7265, TP: 0.74/ 0.7445/ 0.7485.

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