Technical analysis of AUD/CHF for October 12, 2016
October 12, 2016 7:58 am
Based on our previous analysis, AUD/CHF started to move higher and broke above the 0.7473 resistance once again. This time it should act as a level of support providing additional opportunities to go long.
Consider holding long positions from 0.7430, targeting either 23.6% (0.7526) or 0% Fibs (0.7612) resistance levels. The stop loss should be moved to break even at 0.7430.
Support: 0.7473, 0.7430, 0.7387
Resistance: 0.7526, 0.7612
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Based on our previous analysis, AUD/CHF started to move
higher and broke above the 0.7473 resistance once again. This time it should
act as a level of support providing additional opportunities to go long.
Consider holding long positions from 0.7430, targeting
either 23.6% (0.7526) or 0% Fibs (0.7612) resistance levels. The stop loss
should be moved to break even at 0.7430.
Support: 0.7473, 0.7430, 0.7387
Resistance: 0.7526, 0.7612
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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