Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- AUD/CHF was trading 1.21% higher on the day at 0.6706 at around 15:35 GMT
- The pair snapped a two day downside and edged higher on improving risk appetite
- Russia indicated it was ready for talks with Ukraine, raising hopes for a diplomatic solution
- Technical bias for the pair has turned bullish. RSI is sharply higher and above 60 level
- Price action has edged above 200H MA and GMMA indicator shows major and minor trend have turned bullish
Support levels - 0.6655 (110-EMA), 0.6640 (5-DMA), 0.6615 (55-EMA)
Resistance levels - 0.6709 (55-week EMA), 0.6729 (200-DMA), 0.6750 (110-week EMA)
Summary: AUD/CHF trades with a bullish bias. Watch out for break above 55-week EMA for further upside.
