FxWirePro: AUD/CHF edges above 61.8% Fibo, bias higher, stay long

• AUD/CHF has shown break above major trendline resistance at 0.7635, bias higher. 
                     
• The pair has edged above 61.8% Fib retracement of 0.78 to 0.7417 fall at 0.7651 to hit session highs at 0.7659.
   
• Technical studies support further upside in the pair, daily Ichimoku cloud now offers immediate support.
   
• RSI shows strength above 50 levels and is bias higher. Momentum indicators are also bullish.
   
• ADX and MACD also support upside in the pair. We see bullish invalidation below 50-DMA at 0.7570.

Call update: We has advised a long in our previous call (http://www.econotimes.com/FxWirePro-AUD-CHF-extends-bullish-gap-open-hovers-around-major-trendline-resistance-at-07635-1073333).

Recommendation: Stay long for targets.

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 137.834 (Bullish), while Hourly CHF Spot Index was at -79.3685 (Bearish) at 0330 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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