FxWirePro: AUD/CHF extends gains above 0.63 handle, tests 110-EMA at 0.6327, bias bullish

AUD/CHF chart - Trading View 

AUD/CHF extending winning streak for the 5th straight session, bias strongly bullish.

The pair is extending gains above 0.63 handle and 61.8% Fib, tests 110-EMA at 0.6327.

Oscillators are strongly bullish and at overbought levels, but no signs of reversal seen.

As the pair extends gains from 2020 lows (0.5341), cloud breakout confirms further upside.

Analysis of GMMA indicator shows major trend is neutral, while minor trend has turned bullish.

Bullish MACD line crossover on signal line on the weekly charts adds to the bullish bias.  

Next immediate hurdle lies at 0.6350 (20W MA). Breakout there could target 200-DMA at 0.6555.

Australia inflation data (due Wednesday at 01:00 GMT) will be in focus for further impetus. 

Support levels - 0.6297 (61.8% Fib), 0.6168 (55-EMA), 0.6176 (200H MA) 

Resistance levels - 0.6350 (20W MA), 0.64, 0.6555 (200-DMA)