Next Week Forecast: the most interesting pair you can make money with - AUD/CHF

Next Week Forecast: the most interesting pair you can make money with - AUD/CHF

10 November 2015, 21:11
Sergey Golubev
0
1 627

AUD/CHF: rally to reversal. This pair is on bearish market condition for the secondary market rally as the local uptrend within the bearish market condition. The price was stopped by 0.7164 resistance level and Ichimoku cloud for the rally to be continuing up to the bullish reversal. There are having 3 simple scenarios for the price movement for the week:

  • Bullish breakout in case the price breaks 0.7164 resistance located near and below Ichimoku cloud; in this case - the price will be started with the bullish reversal in the secondary ranging way.
  • Bearish breakdown in case the price will break 0.6536 support level located below Ichimoku cloud in the bearish area of the chart.
  • or the ranging will be continuing within the levels on the border with reversal.

Chinkou Span line is located near and below the price and directed us to the possible bullish reversal.

There are the following news events which will be affected on AUD/CHF price movement for the coming week:

  • 2015-11-11 05:30 GMT | [CNY - Industrial Production]
  • 2015-11-12 00:30 GMT | [AUD - Employment Change]
  • 2015-11-12 08:30 GMT | [EUR - ECB President Draghi Speaks]
  • 2015-11-12 14:30 GMT | [USD - Fed Chair Yellen Speaks]
  • 2015-11-13 07:00 GMT | [EUR - German GDP]
  • 2015-11-13 13:30 GMT | [USD - Core Retail Sales]

Resistance
Support
0.71640.6536
0.7742
N/A
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