AUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays.
The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside.
Technical studies support upside in the pair, price action has broken above daily cloud.
RSI shows strength above 50 levels and is gaining traction. Momentum studies bullish.
ADX and MACD also support upside in the pair.
Support levels - 0.7604 (100-DMA), 0.7596 (5-DMA), 0.7570 (50-DMA)
Resistance levels - 0.7651 (61.8% Fib retracement of 0.78 to 0.7417 fall), 0.77, 0.7715 (78.6% Fib)
Stay long on close above 0.7635, SL: 0.76, TP: 0.77/ 0.7715
The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside.
Technical studies support upside in the pair, price action has broken above daily cloud.
RSI shows strength above 50 levels and is gaining traction. Momentum studies bullish.
ADX and MACD also support upside in the pair.
Support levels - 0.7604 (100-DMA), 0.7596 (5-DMA), 0.7570 (50-DMA)
Resistance levels - 0.7651 (61.8% Fib retracement of 0.78 to 0.7417 fall), 0.77, 0.7715 (78.6% Fib)
Stay long on close above 0.7635, SL: 0.76, TP: 0.77/ 0.7715
