. AUDCHF Technical Analysis - 26 August 2022

AUDCHF Technical Analysis

26 Aug 2022

AUDCHF Technical Analysis: Weekly Chart

AUDCHF Technical Analysis

In the weekly charts, AUDCHF is trading in an up channel. AUDCHF is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6677 & the resistance level is at 0.6773.

AUDCHF will trade in an up channel until there is trend reversal

AUDCHF Technical Analysis: Daily Chart

AUDCHF Technical Analysis

In the daily charts, AUDCHF is trading in an up channel. AUDCHF is currently trading above 20 and 50 days SMA & below 100 days SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 0.6706 & the resistance level is at 0.6746

AUDCHF will trade in an up channel until there is trend reversal.  

How to Trade AUDCHF this Week:

AUDCHF will follow the uptrend until their trend reversal. So, remain bullish on AUDCHF.

TRADE SUGGESTION- BUY AT 0.6726, TAKE PROFIT AT 0.6746 AND STOP LOSS AT 0.6706