Watch for the breakout to the downside coming up soon on AUDCHF.
AUD/CHF has been trading in two dominant patterns, namely, an eight-month descending channel and a junior channel which formed in early February. During the past few weeks, the pair has remained near upper boundaries of these two patterns. The Australian Dollar’s weakening against the Swiss Franc during the previous sessions has provided a possible short-term...
AUD_CHF: Double-top just finished and ion its way down.
This symbol features the Australian Dollar - Swiss Franc cross pair. While less popular than the AUDJPY cross, the AUD/CHF has similar characteristics in that it can be used as a carry trade. Some may also view this pair as a reflection of risk sentiment due to the risk-on nature of the Australian currency and the safe-haven characteristics of the Swiss franc.
Waiting for the bounce before the possible bearish slide of this pair if not by Friday, by next week, based on price action from the weekly chart as well as the bearish effect on most AUD pairs in general due to recent USD strength from rising US yields and general hawkishness of the Fed. Setting up sell stop order @0.74069 with TP near the weekly trendline...
Aud Chf is trading around the 200 ma with no real clear direction but if you take a closer look you will see that we just forming a double top right at the MA and right into a s/r area , we see several test of this zone from above and below if we look a bit to the left . I would like to see price droping from here and enter after smaller TF support breaks down...
Price bounced off the trendline, signifying a bullish move to the upside. Being conservative on this one as price may not continue on higher after .75, due to the new lower low price action
AUD/CHF pauses downside at 100-DMA support at 0.7468, we see weakness on break below. The pair has failed to extend gains above 200-DMA, and is retracing from 3-month highs at 0.7567. Price action hovers around daily Ichimoku cloud, and break below 100-DMA raises scope for test of 21-EMA at 0.7433. We evidence a 'Bearish Bat' formation on daily charts which adds...
Buying this pair to continue to next resistance level
The bullish sentiment which started late in March has guided the AUD/CHF currency pair towards the upper boundaries of two channels circa 0.7510. This marks a 3.35% increase in price within the last three weeks. The Aussie has likewise breached a short-term ascending channel. It seems that this may point to a continuous move south that is expected to occur...
Buying this pair in continuation of the trend up to next level of resistance .748
AUD/CHF spikes past 100-DMA, hits 3-month highs at 0.7511 before paring some gains to currently trade at 0.75 levels. Aussie buoyed on Friday after the Reserve Bank of Australai's (RBA) Financial Stability Report (FSR). RBA's FSR stated that the risks from high-household debt and aggressive bank lending practices have slightly abated of late. The pair is trading...