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

AUD/CHF is approaching its support at 0.71975 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7221 (50% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.

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

Buy above 0.7197. Stop loss at 0.7185. Take profit at 0.7221.