Aud/Chf

[chishti786]

I have seen the weekly chart in EUR/USD recently but I have missed a pattern which looks quite important for long term traders. This forex pair turned dovish about a year ago after trading on a bullish trend during 2017. That downtrend slowed down during the last few months of last year, but seems like there was something in the making.

The price broke all the moving averages pretty easily on the way out last year and the decline only stopped at the 61.8% Fibonacci retracing level which connects the low from January 2017 and the high in spring last year. The decline stopped right above that retracing level.

[chishti786]

The EURUSD went below 1.1280, thus completing its downtrend target. Today, the pair is trading sideways and consolidating near 1.1294. The price may run further down to 1.1268, and then rise to 1.1320, thus forming a range. This range may then either get broken out top down, falling to 1.1155, or bottom up, hitting 1.1389.The EURUSD went below 1.1280, thus completing its downtrend target. Today, the pair is trading sideways and consolidating near 1.1294. The price may run further down to 1.1268, and then rise to 1.1320, thus forming a range. This range may then either get broken out top down, falling to 1.1155, or bottom up, hitting 1.1389.

[chishti786]

Mumbai: India's foreign exchange reserves surged by a whopping $3.602 billion to $405.638 billion in the week to March 15, driven by rise in foreign currency assets, the Reserve Bank said Friday.

Forex reserves had increased by $258.8 million to $402.035 billion in the previous week.

Read more at:
//economictimes.indiatimes.com/articleshow/68526249.cms?utm_source=contentofinterest&utm_medi um=text&utm_campaign=cppst

[chishti786]

Investing.com - The U.S dollar rose sharply against its rivals Thursday amid upbeat manufacturing data and a slump in sterling.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.87% to 96.03.

The Philadelphia Fed said Thursday its manufacturing index rose to a reading of 13.7 in March, from a prior reading -4.1. That beat economists' estimates for a reading of 4.6.

[ba33]

AUD/CHF 1H Chart: Upside potential
The Australian Dollar has been depreciating gradually against the Swiss Franc since the beginning of February. This movement has been bounded in the descending channel.

As apparent on the chart, the exchange rate has already reversed north from the lower channel line at 0.7050. From a theoretical perspective, the currency pair should target the upper channel line located circa 0.7160. Important resistance level to look out for is the monthly PP at 0.7142.

However, this advance might not be immediate as the rate is being pressured by the 55-, 100– and 200-hour SMAs, thus, the pair might decline to the weekly S1 at 0.7067 in the nearest future.

[chishti786]

LONDON, Feb 25 (Reuters) - China’s yuan touched a seven-month high and the commodity-linked Australian and New Zealand dollars gained on Monday after U.S. President Donald Trump confirmed he would delay a planned hike in tariffs on Chinese imports.

Trump said on Sunday that he would push back a March 1 deadline after trade talks between Washington and Beijing made “substantial progress”.

Chinese equities surged as investors and European shares also performed well.

The offshore yuan rose as high as 6.6737 per dollar to touch its strongest since mid-July and was up 0.3 percent at 6.68 by 1020 GMT.

[tradersahab]

Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 0.7038
This currency name - AUD/CHF
Resistance and Target - 0.7053
Support and Stop Loss - 0.7023
Always follow Long time frame market trend.
Signal is Sell.

[forex07]

Aud chf is going up and we can have a buy trade on this pair

Support and resistance levels:-

S3 0.7045
S2 0.7040
S3 0.7035

R1 0.7055
R2 0.7060
R3 0.7065

[FM1881]

AUD/CHF FWB:​AUD/LSE:​CHF
Market Open
34.165D 4.422 (11.46%)
Prev
38.586
Open
42.040
Volume
32.657K
1 Day Range
34.165 - 42.040

[FastScalper]

AudChf analysis Today

Major support and resistance Points:

Support 0.7021
Support 0.6992
Support 0.6960

Resistance 0.7080
Resistance 0.7110
Resistance 0.7130

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