AUD/CHF
The Australian dollar – Swiss franc pair has a long way to go until their previous highs. However, the expectation is that it isn't too late to enter a buy position on the pair. It is important to remember that from a technical point of view, the pair can be expected move all the way up to the important resistance level of 0.9400.
The pair is above the weekly pivot line is a good sign that he expects a greater upward movement, the MACD indicator also supports our bullish outlook. Because of this, it is possible, right now, to enter a buy position on the pair with a partial, short term realization price target set around the nearby resistance level at 0.9150.
