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FxWirePro: AUD/CHF extends break above 110-EMA, outlook bullish

AUD/CHF chart - Trading View AUD/CHF was trading 0.49% higher on the day at 0.6366 at around 09:00 GMT. The pair has closed above 110-EMA on Monday's trade and is set to extend gains. Analysis of GMMA indicator shows maj…

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FxWirePro: AUD/CHF extends break above 110-EMA, outlook bullish
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AUD/CHF chart - Trading View 

AUD/CHF was trading 0.49% higher on the day at 0.6366 at around 09:00 GMT.

The pair has closed above 110-EMA on Monday's trade and is set to extend gains.

Analysis of GMMA indicator shows major trend is turning bullish, while minor trend is bullish.

Stochastics RSI is showing a rollover from near oversold levels and parabolic SAR supports gains.

Price action has bounced off 21-EMA support and is on track to test 200-DMA at 0.6520.

Decisive break above 200-DMA could see a shift in major trend. Retrace below 21-EMA negates bullish bias.

Support levels - 0.6317 (110-EMA), 0.6252 (21-EMA), 0.6147 (Lower BB)

Resistance levels - 0.6402 (Apr 30 high), 0.6520 (200-DMA), 0.6560 (55W EMA)
 

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