FxWirePro: AUD/CHF trades shy of 61.8% Fib, Outlook Bullish

AUD/CHF chart - Trading View 

AUD/CHF is extending winning streak for the 4th straight session, bias is bullish.

Price is extending breakout at 55-EMA and daily cloud, trades shy of 61.8% Fib at 0.6297.

The pair has gained 16% from 2020 lows at 0.5341 and cloud breakout confirms upside resumption.

Analysis of GMMA indicator shows major trend is neutral, while minor trend has turned bullish.

RSI shows strong bullish momentum above 60 with scope to run further. Stochastics also support upside. 

Bullish MACD line crossover on signal line on the weekly charts adds to the bullish bias.  

Next immediate hurdle above 61.8% Fib lies at 0.6308 (21W EMA) ahead of 0.6327 (110-EMA). Bullish invalidation only below 55-EMA. 

Support levels - 0.6162 (55-EMA), 0.6153 (200H MA), 0.6106 (21-EMA)

Resistance levels - 0.6297 (61.8% Fib), 0.6308(21W EMA), 0.6327 (110-EMA)