AUDCHF is seen to have a potential bullish divergence, stochastic indicator is seen to form a higher high hovering around the support level while price dropped. Potential buy entry at 0.66371 in line with 100% Fibonacci extension. Price is expected to rise to take profit level 0.66911 in line with 38.2% Fibonacci retracement. Our bullish bias is further being supported by the appearance of the golden crossover and appearance of the three white soldiers candle pattern.
Trading Recommendation
Entry:0.66371
Reason for Entry:
100% Fibonacci extension
Take Profit: 0.66911
Reason for Take Profit:
38.2% Fibonacci retracement
Stop Loss: 0.65910
Reason for Stop Loss:
127.2% Fibonacci retracement and extension
