Technicals / Research & Analysis

Add as a preferred source on Google

FxWirePro: AUD/CHF struggles at 55-EMA, good to go long on break above

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 t…

1 min read
FxWirePro: AUD/CHF struggles at 55-EMA, good to go long on break above
Image from the original EconoTimes article

Read the original article

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. 
 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560