FX.co ★ AUD/CHF Approaching Support, Prepare For Bounce

AUD/CHF is approaching its support at 0.7172 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7237 (horizontal swing high resistance).

Stochastic (55, 5, 3) is nearing its support at 5.4% where a corresponding bounce could occur.

AUD/CHF is approaching its support where we expect to see a bounce.

Buy above 0.7172. Stop loss at 0.7153. Take profit at 0.7237.