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CHFAUD approaching support, potential bounce!

Long
SWISS FRANC / AUSTRALIAN DOLLAR (FX_IDC:CHFAUD)  
Tickmill Broker  
FX_IDC:CHFAUD   SWISS FRANC / AUSTRALIAN DOLLAR
Trend Analysis Harmonic Patterns Chart Patterns CHFAUD chf aud chfaudlong chfaudshort Forex forextrading Bitcoin (Cryptocurrency) forexsignals
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trendanalysis harmonicpatterns chartpattern chfaud chf aud chfaudlong chfaudshort forex forextrading bitcoin forexsignals
CHFAUD is approaching our first support at 1.3510 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 1.368 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).

Stochastic (21,5,3) is also approaching our major support and a bounce off this level might be a good precursor of a potential rise in price.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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