21 Sep 2020
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
-637362470409006777.png)
1W chart
-637362470686052234.png)
1D chart
-637362471034350706.png)
4HR chart
-637362471327490395.png)