- AUD/CHF breaks 20-DMA, spikes past 50-DMA at 0.7373 as Aussie buoyed on upbeat retail sales data.
- Data released earlier today showed Aussie retail sales printed at 0.6%, beating expectations at 0.3% and compared to the previous figure of 0.2% in January.
- AUD/CHF has shown a decisive break above stiff resistance at 4H 200-SMA and technical studies are bullish.
- Stochs are biased higher and RSI has edged above 50 levels and is biased higher.
- Further, bullish divergence on RSI and Stochs keeps scope for further upside in the pair.
- On the downside, break below major support at 0.7260 will see further weakness. Scope then for test of 0.7148 levels.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-CHF-struggles-at-4H-200-SMA-good-to-go-long-on-break-above-1232609) has hit TP1.
Recommendation: Bias higher. Stay long for 0.74/ 0.7425/ 0.7470
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary 



