AUD/CHF chart - Trading View
AUD/CHF was trading largely unchanged at around 10:50 GMT, after closing 0.42% lower in the previous session.
The pair has edged higher from session lows at 0.6268 and is poised for further gains.
Price action has broken above the Ichimoku cloud and is extending upside along 21-EMA support.
Minor pullbacks have found strong support at 200H MA, weakness only on break below.
Analysis of GMMA indicator shows minor trend has turned bullish and major trend is turning.
Volatility is rising, momentum is with the bulls and RSI is above 50. Scope for further gains.
Resumption of upside will see test of 200-DMA at 0.6527. Break below 21-EMA (0.6226) negates bullish bias.
Support levels - 0.6307 (5-DMA), 0.6226 (21-EMA), 0.6204 (55-EMA)
Resistance levels - 0.6407 (Upper BB), 0.6527 (200-DMA), 0.6712 (88.6% Fib)
