AUD/CHF 0.7150-60 Zone Could Initiate New Buyers

Hi traders,

The AUD/CHF has been in a bullish consolidation that is characterized by an ascending trend line and bullish consolidation. The price might reject from the POC zone.

0.7150-60 is the zone where the price might reject. T-89 pattern and HTF BB suggest that the move might start soon. Targets are 0.7185 and 0.7210. Keep in mind that the ATR (14) is 56 pips so it might take some session time for the price to reach the target. If 0.7125 stays unbroken we might see some more volatility in the pair during the US and Tokyo session. Watch for above-mentioned levels and protect your profits as usual.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea