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AUD/CHF chart on Trading View used for analysis
- AUD/CHF has been rejected at 55-EMA several times, we see further upside only on break above.
- The pair has been extending range trade for the past few weeks. Bias remians to the upside.
- Stochs and RSI are biased higher and RSI holds above 55 levels shows strength in upside bias.
- Break above 55-EMA could see test of cloud top at 0.7161. Further upside only on break above.
- On the flipside, we see strong support at 21-EMA at 0.7054. Break below will see resumption of weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
