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
Baca lagi Previous

PBOC sets yuan reference rate at 6.7595

The People's Bank of China (PBOC) has set the yuan reference rate at 6.7595 versus Friday's fix at 6.7591.
Baca lagi Next