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FX.co ★ AUD/CHF Testing Support, Prepare For A Bounce

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Forex Analysis:::2018-12-19T03:23:43

AUD/CHF Testing Support, Prepare For A Bounce

AUD/CHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.

AUD/CHF is testing its support where we expect to see a bounce.

Buy above 0.9909. Stop loss at 0.9887. Take profit at 0.9946.

AUD/CHF Testing Support, Prepare For A Bounce

Analyst InstaForex
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