AUD/CHF just bounced from a major support zone.
Is the pair gearing up for another swing inside its consolidation range? Or will it break through key inflection points faster than you can say, “YOU CAN SAVE 50 POUNDS PER PERSON!”
Check out AUD/CHF’s 4-hour time frame!
AUD/CHF 4-hour Forex Chart by TradingView
Risk assets like the Australian dollar could be back in focus soon as attention shifts away from geopolitical tensions and toward U.S. tariff and budget risks.
At the same time, traders are starting to doubt whether the Swiss National Bank (SNB) will push rates back into negative territory, which has helped prop up demand for the franc.
With these shifting themes, the question now is whether AUD/CHF is ready to break out of its consolidation zone.
Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the Australian dollar and the Swiss franc, then it’s time to check out the economic calendar and stay updated on daily fundamental news!
AUD/CHF just bounced off the .5220 area, a level that’s already acted as solid support a couple of times this month.
The recent move higher could take the pair back toward the .5280 zone, which lines up with the Pivot Point at .5282 and sits just under a descending triangle resistance that has capped gains throughout June.
If price gets rejected at that resistance again, we could see AUD/CHF drop back toward .5220. A break below that might even drag the pair toward fresh monthly lows near the .5200 psychological handle.
The setup’s tight, so it’s all about how price reacts near .5280. Keep an eye on the next candlesticks!
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment.
Disclaimer:
Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
