The price broke above the previous high and an important resistance zone above 0.6950. The first target for this breakout is at 0.618 FIB extension around 0.7240, second target is the 100 FIB extension around 0.7780. The zone between 0.77000 – 0.7800 is a strong resistance zone, if the price break above it next target for the bulls will be at 1.272 FIB extension around 0.8150. In case of a pullback, we should watch the support at 0.6950 for rejection and resumption of the weekly, daily bullish trend.
Review our 2021 technical analysis for the AUD/CHF pair.