FxWirePro: AUD/CHF struggles at 55-EMA, good to go long on break above

AUD/CHF chart on Trading View used for analysis

• AUD/CHF has been rejected at 55-EMA several times, we see further upside only on break above.
   
• The pair has been extending range trade for the past few weeks. Bias remians to the upside.
   
• Stochs and RSI are biased higher and RSI holds above 55 levels shows strength in upside bias.
   
• Break above 55-EMA could see test of cloud top at 0.7161. Further upside only on break above.
   
• On the flipside, we see strong support at 21-EMA at 0.7054. Break below will see resumption of weakness.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.