Hello Traders,
The AUD may continue its rise against the CHF. Hidden Bullish Divergence has formed on the 4H and price is being rejected at the 50-day EMA.
Price is being rejected at the 240-day LMA on the 1D. Entry consideration would be made when the price closes above the 240-day LMA. (See 1D chart below)
If you liked my analysis, please give me a follow.
*The above is not trading advice but simply my analysis of the market*
The AUD may continue its rise against the CHF. Hidden Bullish Divergence has formed on the 4H and price is being rejected at the 50-day EMA.
Price is being rejected at the 240-day LMA on the 1D. Entry consideration would be made when the price closes above the 240-day LMA. (See 1D chart below)
If you liked my analysis, please give me a follow.
*The above is not trading advice but simply my analysis of the market*