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AUD/CHF chart - Trading View
AUD/CHF was consolidating previous session's gains, trades largely rangebound on the day.
Price action has shown a decisive breakout at 55-EMA and daily cloud raising scope for upside.
The pair has gained 16% from 2020 lows at 0.5341 and is showing signs of upside resumption.
After expanding sideways at 55-EMA resistance for the past few sessions, the pair is set to test 61.8% Fib at 0.6297.
Analysis of GMMA indicator shows major trend is neutral, while minor trend is showing a bullish shift.
Next immediate hurdle lies at 61.8% Fib at 0.6297 ahead of 110-EMA at 0.6328. Bullish invalidation only below 55-EMA.
