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Apr 28, 2021 3:11 AM

AUDCHF facing bullish pressure, potential for bounce! Long

Australian Dollar/Swiss FrancFXCM

Description

Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal swing high resistance, 61.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push down further, prices might take support from 2nd support in line with horizontal swing low support in line with 127.2% Fibonacci extension. Stochastics is also facing bullish pressure from 8.43 support level, potential for bounce.
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