AUD/CHF continues to rise in the ascending triangle chart pattern, which was earlier identified by Autochartist on the daily charts. Autochartist measures the quality of this ascending triangle at the 3 bar level – which reflects the low initial trend (3 bars) and below-average uniformity and clarity (both rated at the 4 bar level).
AUD/CHF is expected to rise toward the upper resistance trendline of this Autochartist triangle in the coming trading sessions.
As can be seen from the daily AUD/CHF chart below – both of the connecting points of the lower support trendline of this ascending triangle formed when the price reversed up from the powerful, multi-month support level 0.7270 (which has been steadily reversing the pair from last August). The proximity of this support area adds to the likelihood AUD/CHF will continue to rise inside this chart pattern tomorrow.
