FxWirePro: AUD/CHF trade idea
Source: FxWire Pro - Technicals / 08 Mar 2018 05:23:06 Eastern Standard Time
FxWirePro Currency Strength Index for AUD/CHF: Bias Higher
FxWirePro's Hourly AUD Spot Index was at 83.8675 (Bullish)
FxWirePro's Hourly CHF Spot Index was at -139.567 (Bearish)
Technical Analysis: Bias Slightly Bullish
- We see +ve DMI crossover
- 5-DMA on verge of bullish crossover on 20-DMA
- Price has broken above 21-EMA resistance
- Bullish RSI divergence on daily charts
Support levels - 0.7363 (21-EMA), 0.7337 (5-DMA), 0.7265 (trendline)
Resistance levels - 0.74, 0.7444 (55-EMA), 0.7485 (50-DMA)
Recommendation: Good to go long on dips around 0.7350/60, SL: 0.7265, TP: 0.74/ 0.7445/ 0.7485.
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