AUD/CHF Targets 0.5820 as Bulls Regain Control!
The outlook for AUD/CHF leans bullish, as the pair trades within an ascending channel and recently found support near 0.5750-0.5770. This level has held firm, signaling strong buying interest. The rebound aligns with an improving RSI, hinting at a possible shift towards higher prices.
The divergence in central bank policies adds to the potential for an upward move. While the RBA maintains a steady rate at 4.35%, the SNB might adopt a more dovish approach, making the AUD relatively more attractive. Any recovery in commodity demand or risk sentiment could further support the Australian dollar.
If the pair breaks above 0.5795, 0.5820 is expected, aligning with the upper trendline of the channel, signaling continuation of the bullish momentum.
The divergence in central bank policies adds to the potential for an upward move. While the RBA maintains a steady rate at 4.35%, the SNB might adopt a more dovish approach, making the AUD relatively more attractive. Any recovery in commodity demand or risk sentiment could further support the Australian dollar.
If the pair breaks above 0.5795, 0.5820 is expected, aligning with the upper trendline of the channel, signaling continuation of the bullish momentum.
Trade closed manually
Closed with Loss and wait for Reversal EntryNote
Double Sell lot
Trade closed manually
Just closed out my USD/CHF trade 📊. Got in at 0.85179 and out at 0.86631, locking in a 145.2 pip gain 💸. Pretty sweet trade! 🚀
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