AUD/CHF chart - Trading View
AUD/CHF has paused 2 straight sessions of downside and was trading at 0.6178 at around 11:25 GMT.
The pair finds strong support zone till 0.6165, decisive break below will see further weakness.
Analysis of GMMA indicator shows major trend is bearish and minor trend has turned bearish.
5-DMA has turned and an 'Inverted Hammer' formed on the previous week's candle adds to the bearish bias.
Stochastics and RSI have rolled over from overbought levels and Parabolic SAR supports weakness.
The pair also confirms 'Death Cross' (bearish 50-SMA crossover on 200-SMA) on hourly charts adding to the bearish bias.
Close below 21-EMA at 0.6165 will see dip till daily cloud. Retrace below cloud will confirm bearish continuation.
On the flipside, retrace above 110-EMA should take the pair higher to test 200-DMA. Breakout at 200-DMA required for upside continuation.


UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Bank of America Posts Strong Q4 2024 Results, Shares Rise
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Urban studies: Doing research when every city is different
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
US Gas Market Poised for Supercycle: Bernstein Analysts
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
FxWirePro: EUR/AUD bearish as RBA hike boosts Australian dollar
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
USD/CHF Breaks Out: Bullish Surge Past 0.7800 Fuels Fresh Upside Momentum
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro: USD/CAD attracts selling interest, vulnerable to more downside
FxWirePro: GBP/NZD outlook weaker on renewed downside pressure 



