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AUDCHF - UPDATE FOR NEXT COUPLE OF DAYS

FX:AUDCHF   Australiensisk dollar/Schweizisk franc
AUDCHF looking good. Expecting this to move up soon.
before it goes back down

See previous analysis

SUPPORT THE MOVEMENT WITH YOUR LIKES,
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Nice idea on AUDCHF and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 0.7197 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing low support), which is just below the support level that you have identified. Stochastic is approaching its support at 2.2% where a corresponding bounce could occur. If a bounce does occur, we may look at 0.7263 resistance level (38.2% Fibonacci retracement , horizontal swing high resistance). Please have a look at our idea and share with us what you think.


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