The Currency Pair is trading near the Resistance, the pair is trading at the lower level from more than 2 month, pair closing above the resistance will be an opportunity to buy. At the resistance level the pair made a shooting star, the next day the pair open low and the seller pull the price lower but at lower level the buyer came into action and led the price to close near the open and formed a hammer.

The next day the buyers outperform the seller and closed near the resistance which indicates buyers are willing to pay high price and expecting a strong upside move.

Pair closing above the resistance would be an opportunity to buy the pair.

AUD/CHF

Feb 26 2022