AUD/CHF chart - Trading View
AUD/CHF was extending upside for the 3rd straight session, scope for further gains.
The Aussie was dented after authorities announced a three-day lockdown in Brisbane and growing China worries continue to dent risk appetite.
On the other side, SNB statement about currency intervention to curb franc appreciation is putting pressure on franc crosses.
AUD/CHF erased early losses and edged higher from session lows at 0.7154 and was trading 0.23% higher on the day at 0.7185 at around 10:45 GMT.
The pair trades with a bullish bias. Price has retraced brief dip below 21-EMA and is on track for upside continuation.
Momentum studies are strongly bullish. Chikou span is biased higher. Stochs are on verge of rollover from over oversold levels.
Immediate bull target lies at 76.4% Fib at 0.7217. Further upside momentum is likely to see test of 55-month EMA at 0.7518.
