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FxWirePro: AUD/CHF capped below 5-DMA, bias strongly bearish

AUD/CHF chart - Trading View AUD/CHF is trading 0.07% lower on the day at 0.6911 at 05:40 GMT. The pair has retraced break above 200-DMA and daily cloud, bias is strongly bearish. Price action is well below cloud and maj…

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FxWirePro: AUD/CHF capped below 5-DMA, bias strongly bearish
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AUD/CHF chart - Trading View 

AUD/CHF is trading 0.07% lower on the day at 0.6911 at 05:40 GMT.

The pair has retraced break above 200-DMA and daily cloud, bias is strongly bearish.

Price action is well below cloud and major moving averages.

Upside is capped at immediate resistance at 0.6924. Break above could see minor upside.

Volatility is rising on the weekly charts and decisive break below 0.69 handle eyes 78.6% Fib at 0.6804.

21-EMA is stiff resistance at 0.6972. Break above could see test of 55-EMA at 0.7040.

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

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