AUD/CHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
AUD/CHF is testing its support where we expect to see a bounce.
Buy above 0.9909. Stop loss at 0.9887. Take profit at 0.9946.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/CHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
AUD/CHF is testing its support where we expect to see a bounce.
Buy above 0.9909. Stop loss at 0.9887. Take profit at 0.9946.
The material has been provided by InstaForex Company – www.instaforex.com
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