Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
USD/CHF: all Moving Averages broken
Information is not investment advice
All the Moving Averages have been broken. Previously, we had a 'V-Bottom' pattern, which is pushing the pair higher. The main intraday target is the nearest resistance at 1.0009 - 1.0025. If a pullback from this area happens little later on, there'll be a moment for bears to test the closest support at 0.9980 - 0.9969 and the Moving Averages. These levels could be a departure point for another bullish rally.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
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