FxWirePro's Hourly AUD Spot Index: -168.953
FxWirePro's Hourly CHF Spot Index: 60.6805
Strength Index Trend: Bearish
Technical Studies: Bias Bearish
- RSI below 50, biased lower
- Stochs Sharply lower, but at oversold - so caution advised
- MACD shows bearish crossover
- Price action dips into daily cloud
Support levels - 0.7574 (Aug 18 low), 0.7548 (38.2% Fib retrace of 0.7146 to 0.7796 rally), 0.7527 (200-DMA)
Resistance levels - 0.7633 (5-DMA), 0.7649 (50-DMA), 0.7665 (20-DMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-CHF-holds-20-DMA-support-on-track-to-test-triangle-top-at-078-stay-long-916190) has hit TP1.
Recommendation: Go short AUD/CHF, SL: 0.7675, TP: 0.7575/ 0.7550/ 0.7530
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