AUD/CHF chart on Trading View used for analysis
- AUD/CHF extends weakness below daily cloud, bias bearish.
- The pair is trading 0.20% lower on the day at 0.7055 at the time of writing.
- Price has broken below 61.8% Fib and is on track to test 78.6% Fib at 0.6982.
- Technical analysis supports weakness. Momentum highly bearish on daily and weekly charts.
- The pair has broken strong trendline support and is trading below major moving averages.
- Bollinger bands are widening suggesting rise in volatility and ADX supports downside.
- We also evidence bearish divergence on RSI and Stochs which adds to the bearish bias.
Support levels - 0.7036 (lower BB), 0.70, 0.6982 (78.6% Fib)
Resistance levels - 0.7107 (5-DMA), 0.7168 (21-EMA), 0.7202 (cloud top)
Recommendation: Good to go short on upticks, SL: 0.7110, TP: 0.7035/ 0.70/ 0.6985
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Global Markets React to Strong U.S. Jobs Data and Rising Yields
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
Wall Street Analysts Weigh in on Latest NFP Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Pair levels and bias summary
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 



