AUD/CHF is extending break above 21-EMA, edges higher for 5th straight session.
The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423.
Technical studies are bullish. Stocsh and RSI are biased higher. 5-DMA on verge of bullish crossover on 20-DMA
Bullish divergence seen on Stochs on daily charts keeps scope for further upside.
Price now eyes 55-EMA at 0.7444. Break above could see test of 110-EMA at 0.7496.
On the flipside, 21-EMA at 0.7371 is strong support. Break below invalidates bullish bias.
Support levels - 0.7373 (5-DMA), 0.7371 (21-EMA), 0.7265 (trendline)
Resistance levels - 0.7444 (55-EMA), 0.7482 (50-DMA), 0.7496 (55-EMA)
Good to go long around 0.74/ 0.7410 levels, SL: 0.7360, TP: 0.7445/ 0.7485/ 0.75
The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423.
Technical studies are bullish. Stocsh and RSI are biased higher. 5-DMA on verge of bullish crossover on 20-DMA
Bullish divergence seen on Stochs on daily charts keeps scope for further upside.
Price now eyes 55-EMA at 0.7444. Break above could see test of 110-EMA at 0.7496.
On the flipside, 21-EMA at 0.7371 is strong support. Break below invalidates bullish bias.
Support levels - 0.7373 (5-DMA), 0.7371 (21-EMA), 0.7265 (trendline)
Resistance levels - 0.7444 (55-EMA), 0.7482 (50-DMA), 0.7496 (55-EMA)
Good to go long around 0.74/ 0.7410 levels, SL: 0.7360, TP: 0.7445/ 0.7485/ 0.75
Yorum:
Approaching TP2.
Yorum:
Downside is holding 0.74 handle.
Price has retraced dip below 5-DMA.
Watch out for break above 50-DMA for further upside.
Price has retraced dip below 5-DMA.
Watch out for break above 50-DMA for further upside.