Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/CHF forms Bearish Bat Pattern, good to sell on rallies

  • Harmonic pattern formed- Bearish Bat pattern.
     
  • Potential Reversal Zone (PRZ) – 0.75005.
     
  • The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).
  • Any break above 0.7500 will take the pair to next level till  0.7570/0.75976 level.
     
  • On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA)/0.7400.

It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.