AUDCHF Neutral medium-term, 0.7465 long-term.

The AUDCHF pair is currently holding the 1D MA50 (blue trend-line) as Support and in a similar sequence as the June - September 2020 pattern, it may turn sideways on the medium-term and consolidate.

However, since the 0.618 Fibonacci retracement level has been broken, most likely it will maintain the bullish trend on the long-term. The next 1D MA200 (orange trend-line) contact, will most likely be the long-term buy signal. Our target is the 1.236 Fibonacci extension around 0.7465.


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