Aud/Chf
The chart shows that yesterday's daily candle formed right at the level of 0.6700. The price had several bounces and got choppy around this level earlier. After being bearish, it found its support at the level of 0.6700 and headed towards the North. It came back at the level again and produced yesterday’s bullish daily candle. An engulfing daily candle at Double Bottom support suggests that the buyers may want to wait for an upside breakout at the neckline to long on the pair. The daily chart shows that the nearest resistance is far enough to allow the buyers to have 1:1 risk-reward. The H4 chart shows that there is much space for the price to travel towards the upside, which allows the buyers to have even a better risk-reward. Let us have a look at the H4 chart.


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