AUD/CHF has slumped a massive 1.40% on the day to hit fresh 2-week lows at 0.7568.
The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North Korea.
Technically, we note a 'Bearish Bat Pattern' on AUD/CHF daily charts which combined with bearish divergence has seen downside.
We see scope for further downside. 200-DMA at 0.7502 is next likely bear target.
On the flipside, we see bearish invalidation only on close above 5-DMA at 0.7680.
Support levels - 0.7536 (38.2% Fib 0.7146 to 0.77778 rally), 0.7502 (200-DMA), 0.7465 (July 24 low)
Resistance levels - 0.7617 (20-DMA), 0.7628 (23.6% Fib), 0.7680 (5-DMA), 0.77
Good to go short on rallies around 0.7615/25, SL: 0.7680, TP: 0.7540/ 0.75
The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North Korea.
Technically, we note a 'Bearish Bat Pattern' on AUD/CHF daily charts which combined with bearish divergence has seen downside.
We see scope for further downside. 200-DMA at 0.7502 is next likely bear target.
On the flipside, we see bearish invalidation only on close above 5-DMA at 0.7680.
Support levels - 0.7536 (38.2% Fib 0.7146 to 0.77778 rally), 0.7502 (200-DMA), 0.7465 (July 24 low)
Resistance levels - 0.7617 (20-DMA), 0.7628 (23.6% Fib), 0.7680 (5-DMA), 0.77
Good to go short on rallies around 0.7615/25, SL: 0.7680, TP: 0.7540/ 0.75
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.