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AUD/CHF may recover

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Trade idea

BUY 0.6685; TP1 0.6730; TP2 0.6780; SL 0.6665

AUD/CHF is trading within a long-term downtrend. However, the pair has managed to find support near the psychological level of 0.6500. Now there’s scope for a bullish correction. An advance above 0.6680 (38.2% Fibo retracement of the July-August decline). Upside targets will lie at 0.6730 (50% Fibo) and 0.6780 (61.8% Fibo). On the downside, support is at 0.6560 ahead of 0.6500.

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FBS Analyst Team

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