AUDCHF | for a LONG trade OPPORTUNITY 🚀

- The AUD/CHF looks good for a long trade opportunity. It's trending towards the upside on Most of the time frames, and weekly looks like they are trying to break moving averages.
- We have a recent bullish engulfing candlestick closure on H1 to confirm our entry.
- The trade has a chance to make at least 60 pips profit before reaching higher time frame resistance, which, if broken, could lead to a further bullish move.
- Also, hedge funds are slowly buying AUD and selling off CHF.