AUD/CHF

The currency pair had made a bullish engulfing pattern in a daily time frame near the support and lower band of BB.
After making a bullish engulfing pattern the pair has moved near the MA of BB, we are expecting the pair to move high if the closing is above the MA of BB.
The pair is trading near the Fast EMA (i.e. 9), expecting the pair to follow the EMA trend which is indicating upside. If the pair close above the MA we can expect the stock to move ahead.
The RSI is following the price and is expected to do so.
The MACD is trading below 0 and is expected to cross over the signal line below 0 and move upto 0.0418.

Advice: Buy if the pair close above the BB Moving average.

Buying Opportunity

Aug 26 2021

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