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AUD/CHF Approaching Support, Prepare For A Bounce

AUD/CHF is approaching its support at 0.7146 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7179 (horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 1.8% where a corresponding bounce could occur.

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

Buy above 0.7146. Stop loss at 0.7120. Take profit at 0.7179.

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The material has been provided by InstaForex Company - www.instaforex.com