AUD/CHF chart - Trading View
AUD/CHF was trading 0.12% higher on the day at 0.7230 at around 08:55 GMT, the pair is extending bullish streak for the 5th straight session.
The pair finds support from upbeat Australian Q4 Private Capex data and weaker safe haven demand for the franc amid improving risk sentiment.
Australia’s Q4 Private Capital Expenditure grew past-market forecast at 0.0% also reversed the previous -3.0% contraction with a +3.0% print.
The pair has hit 22-month highs at 0.7237, has edged above 76.4% Fib and is on track for further gains.
Price is extending breakout above 200W MA and is testing resistance at monthly cloud.
Volatility is high and rising and momentum is bullish, scope for test of 110 month EMA at 0.7528.
Immediate support is seen at 5-DMA at 0.7150, retrace below 200W MA will negate near-term bullish bias.
