AUD/CHF forms Bearish Bat Pattern, good to sell on rallies
Harmonic pattern formed- Bearish Bat pattern
Potential Reversal Zone (PRZ) – 0.75005
The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).
Any break above 0.7500 will take the pair to next level till 0.7570/0.75976 level.
On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA)/0.7400.
It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.
Potential Reversal Zone (PRZ) – 0.75005
The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).
Any break above 0.7500 will take the pair to next level till 0.7570/0.75976 level.
On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA)/0.7400.
It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.
