AUD/CHF chart - Trading View
AUD/CHF trades 0.21% lower on the day at 0.6933 at 06:45 GMT, bias bearish.
The pair is extending weakness below major moving averages and cloud.
Price action is currently holding support at strong trendline support at 0.6925.
Technical studies support downside. Stochs and RSI sharply lower. GMMA shows shift in trend lower on the weekly charts.
Break below 0.6925 will see resumption of weakness. Next bear target lies at 78.6% Fib at 0.6804.
5-DMA is immediate resistance at 0.6949. Break above could see gains till 21-EMA at 0.7039.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
