FxWirePro: AUD/CHF Daily Outlook

Chart - Courtesy Trading View 

AUD/CHF was trading 0.98% higher on the day at 0.6417 at around 16:10 GMT. The pair is testing 110-EMA resistance and is poised for further upside.

The Swiss Franc drops across the board, is currently the worst performer in the American session. 

Switzerland bonds spike. The Swiss 10-year bond yield down by over 10% at the time of writing, at 1.26%.

The pair has trading above the daily cloud and Chikou span is biased higher. ADX and MACD support upside in the pair. 

Momentum is bullish, Stochs and RSI are biased higher. Volatility is high and rising. 

Price action is above 200H MA and GMMA indicator shows major and minor trend are bullish on the intraday charts. 

Support levels:

S1: 0.6407 (110-EMA)

S2: 0.6365 (5-DMA)

Resistance levels:

R1: 0.6549 (55-week EMA)

R2: 0.6580 (Upper W BB)

Summary: AUD/CHF poised for further upside. Close above daily cloud affirms further gains. Next major bull target lies at 55-week EMA at 0.6549. Failure to close above daily cloud negates any upside bias.