Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
USD/CHF: price to test the Moving Averages
Information is not investment advice
There's a bearish 'Engulfing', which has been confirmed. Also, the pair fixated below the 'Window', so we should watch the nearest support at 0.9936 and the Moving Averages as an intraday target. If a pullback from these levels happens next, there'll be a moment to have another upward price movement towards the closest resistance at 1.0166.
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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