Buy AUD/CHF if it closes above 0.67555 for a TP of 0.6858 with a SL of 0.670.

We are expecting a buying pressure to come in the currency pair if it closes above the mentioned level. Buyers have been busy in the market trying to push prices higher from the past 5 trading days. The Pair has corrected from its upper level and took support at 0.65402 levels from this level we have been observing the buyers been more active then the seller in the market, and we had a buy call on the currency pair previously and the target has been met; We have analyze the pair again and we are expecting a bounce back again in the pair from the mention level, if the pair is not able to sustain this level than we will reanalyze the pair and give a update on the same.

At currency level what we would advise is to buy with strict SL.

The RSI is trending upward, If the pair closes above the mentioned level then the pair will close above the EMA which in itself is a good buy signal and the Ema is showing a positive move.

AUD/CHF

Nov 15 2021