FxWirePro: AUD/CHF near-term outlook
Source: FxWire Pro - Technicals / 11 Jul 2019 08:11:30 America/New_York
AUD/CHF chart - Trading View
AUD/CHF extends range trade for the 2nd straight session.
The pair was trading at 0.6880 at , down 0.08% at 11:25 GMT.
Upside was rejected at 55-EMA, bias has turned bearish on the intraday charts.
RSI has slipped below 50 and Stochs are on verge of rollover from overbought levels.
The pair finds strong support at 20-DMA and 5-DMA is turning bearish.
Major trend in the pair is bearish and break below 20-DMA will see resumption of weakness.
Scope for weakness till 0.6760 (trendline support). Bearish invalidation above 55-EMA.
Support levels - 0.6859 (20-DMA), 0.68, 0.6760 (trendline)
Resistance levels - 0.69 (5-DMA), 0.6940 (55-EMA), 0.70 (110-EMA)
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