AUD/CHF Approaching Support, Prepare For A Bounce

AUD/CHF is approaching its support at 0.7038 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7089 (38.2% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support at 4.6% where a corresponding bounce could occur.

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

Buy above 0.7038. Stop loss at 0.7006. Take profit at 0.7089.

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