AUD/CHF seems to establish an uptrend after breaking the descending channel and rejecting 200- and then 50-Moving Averages. Based on the Fibonacci applied to the channel breakout point, the pair yet to test the nearest resistance at 23.6% Fibs (0.7567) and if broken could continue climbing even further up.
Currently AUD/CHF is trading right at the 38.2% Fibs (0.7506) support level that could invite more buyers. Consider buying AUD/CHF while the price is near the 0.7500 psychological level, targeting either 23.6% (0.7567) or 0% Fibs (0.7666). Stop loss should be just below the 50% Fibs (0.7456).
Support: 0.7506, 0.7456, 0.7407
Resistance: 0.7567, 0.7666
