AUD/CHF Price Analysis: Bullish conditions persist for buy setup

  • AUD/CHF remains on course for a breakout to the upside.
  • An extension of the daily breakout opens prospects of mid 0.67 area.

The bulls are looking for an extension of the bull trend following a break of current resistance from which a bullish setup on a retest of resistance turning support can target 0.6745. 

The following is a top-down analysis of the market and an update of the prior article as follows:

  • AUD/CHF Price Analysis: Bulls looking set for 1:3 R/R on break of resistance structure

1 Month chart

1W chart

1D chart

4HR chart

USD/JPY: Bears keep the reins for sixth day near 104.50 amid mixed clues

USD/JPY seesaws around 104.45 during Monday’s Asian session. Even if Japan’s close and the recent uptick in risk barometers challenge the yen major’s
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