AUD/CHF Trade Ideas

AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern. It has support around 0.6543 and may rise to the area between 0.6720 and 0.6582, where it will meet resistance (100-period MA on the H4, the line connecting January 29 and February highs). From t...

The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday. During the Asian session on Wednesday, it has gone down to test 0.6736 (the 100-day MA; 38.2% Fibonacci of the August-November advance) as Australia released we...

Trade idea SELL 0.6670; TP1 0.6630; TP2 0.6575; SL 0.6690 Given the global economic and political background, there are all reasons to expect further deterioration in the market’s risk sentiment. In this environment, selling AUD/CHF seems like a good idea. The technical setup is also favorable for s...

Trade idea SELL 1.0750; TP1 1.0725; TP2 1.0700; SL 1.0765 The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time. The RBA will likely be under pressure to cut rates further, so we await some negative...

Trade idea BUY 0.6800; TP 0.6860; SL 0.6780 On Monday, AUD/CHF broke above the line connecting April and July highs at 0.6785 and managed to close the day above it. The move happened as the market’s risk sentiment improved. In the short-term, the Aussie met resistance at 0.6820. Still, the positive ...

Trade idea BUY 0.6685; TP1 0.6730; TP2 0.6780; SL 0.6665 AUD/CHF is trading within a long-term downtrend. However, the pair has managed to find support near the psychological level of 0.6500. Now there’s scope for a bullish correction. An advance above 0.6680 (38.2% Fibo retracement of the July-Augu...

Trade idea SELL 0.7080; TP 0.7040; SL 0.7095 AUD/CHF met resistance around 0.7115/20 (50- and 100-days MA). The downtrend resistance line was also located nearby. The pair topped on H4 and slid below the 100-period MA at this timeframe (0.7085). The odds are that the Aussie weakened by the dovish RB...

Trade idea SELL 0.7085; TP1 0.7040; TP2 0.6980; SL 0.7100 AUD/CHF met resistance in the 0.7200 area and then turned down. The pair is currently supported by the 50-day MA at 0.7090. The decline below this level will confirm a lower top, trigger a “Head and Shoulders" pattern and open the way down to...