• 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)

    For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
     

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