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AUDCHF bullish breakout, potential for further upside!

Long
Australian Dollar / Swiss Franc (FOREXCOM:AUDCHF)  
TradeGATEHub  
FOREXCOM:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns AUDCHF aud chf audchflong
1
0
trendanalysis harmonicpatterns chartpattern audchf aud chf audchflong
Price has just seen a bullish breakout from descending trendline resistance-turned-support, and MACD is now holding above the 0 line. We could see a bounce at 1st support, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.

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