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AUD/CHF MAY RISE TO NEXT RESISTANCE

Recently published economic data of Australia is showing good economic growth but Reserve Bank oF Australia maintaining a cautious look but if dta shows strong growth obviously they will need to hike interest rates. And Swiss National Bank keeping interest rates at low to help growth and inflation by keeping currency at low level. So I expect AUD/CHF to rise.
TECHNICAL ANALYSIS: AUD/CHF is uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, COMMODITY CHANNEL INDEX CCI, MACD, FIBONAC…
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AUD/CHF MAY REMAIN IN UPTREND

AUD/JPY is in uptrend as there are speculations by market participants that Reserve Bank of Australia may rise rates as Australian economy is doing well and inflation is also rising.
TECHNICAL ANALYSYS: AUD/JPY is rising after correction on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/CHF is above the middle level of Bollinger band.
  • MACD is in buy mode.
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Avnish26 25 Sep.

AUD/CHF is trading close to my target.

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