The Pair is forming a Descending Pattern, a descending pattern breakout on the upside has a good successful ratio.

Currently the pair is trading above 50 day ema, a pair closing above the 50 and 10 day ema would be a confirmation to go long on the currency pair.

Pair closing both the EMA would be an opportunity to go short in the currency pair.

The RSI is forming a Symetric pattern, a breakout on the upside with price breaking on the upside would be a strong confirmation for going long on the pair. Pair closing below the symmetric pattern and pricing closing below the support line would be a strong confirmation on going short.

Wait for the breakout, trade as per breakout.

Advice : A breakout on either side will be an opportunity to enter. Expected breakout on the upside.

AUD/CHF

Jul 10 2022