China's Refining Industry Faces Major Shakeup Amid Challenges 
Stock Futures Dip as Investors Await Key Payrolls Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
AUD/CHF chart on Trading View used for analysis
- AUD/CHF extends weakness below daily cloud, bias bearish.
- The pair is trading 0.20% lower on the day at 0.7055 at the time of writing.
- Price has broken below 61.8% Fib and is on track to test 78.6% Fib at 0.6982.
- Technical analysis supports weakness. Momentum highly bearish on daily and weekly charts.
- The pair has broken strong trendline support and is trading below major moving averages.
- Bollinger bands are widening suggesting rise in volatility and ADX supports downside.
- We also evidence bearish divergence on RSI and Stochs which adds to the bearish bias.
Support levels - 0.7036 (lower BB), 0.70, 0.6982 (78.6% Fib)
Resistance levels - 0.7107 (5-DMA), 0.7168 (21-EMA), 0.7202 (cloud top)
Recommendation: Good to go short on upticks, SL: 0.7110, TP: 0.7035/ 0.70/ 0.6985
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
