AUD/CHF continues to rise inside the Clear Triangle chart pattern identified by Autochartist on the hourly charts. The overall Quality of this chart pattern is measured at the 5 bar level as a result of the below average Initial Trend and Uniformity (rated at the 3 and 4 bar levels respectively) and near maximum Clarity (8 bars). This chart pattern continues the previous sharp daily upward price impulse from the support area above the major long-term support 0.7000 (which had previously reversed the strong downtrend in the end of 2008, as is shown on the third chart below). The pair is expected to continue upward movement in the nearest time.
As can be seen from the following 15-minute Key Levels chart for AUD/CHF, the pair has been trading below the horizontal Resistance level 0.9317, identified recently by Autochartist. This level should be broken for the pair to rise further.
The following weekly AUD/CHF chart shows the technical price levels mentioned above:
As can be seen from the following 15-minute Key Levels chart for AUD/CHF, the pair has been trading below the horizontal Resistance level 0.9317, identified recently by Autochartist. This level should be broken for the pair to rise further.
The following weekly AUD/CHF chart shows the technical price levels mentioned above: