This article has been translated from English to Gen Z Slang.
Yo fam, AUD/CHF just broke through that .5300 level like a boss but appears to be taking a quick nap on its way up. 😴
Will it get some backup from the squad at the old resistance?
Peep these juicy inflection points on the 4-hour chart! 👀
AUD/CHF: 4-hour
AUD/CHF 4-hour Forex Chart by TradingView
The RBA's giving off major hawk vibes, hyping the Aussie with dope jobs and inflation stats since mid-Nov. 🚀
Meanwhile, the chill vibes from the U.S. gov finally finding some chill and trade drama cooling down are boosting AUD, while CHF is kinda snoozing. 😴
Can AUD/CHF keep up this glow-up tho?
Price's catchin' some Zzzs around the .5350 mark close to R1 (.5380) and might take a breather back to the support crew.ICYMI: The market mojo is mostly about those fundies. 📉 If you haven’t done your homework on the Australian dollar and Swiss franc yet, hit up the economic calendar and stay woke on your daily dose of fundies!
Pivot point (.5310) is just around the corner and might catch some new stans with a little dip, while S1 (.5280) lines up with the 38.2% Fib level, like a perfect throwback. ⏪
If it's gonna vibe lower, the 50% Fib's got its back with those dynamic moves from the averages, or even the 61.8% level chillin' with the trend line and S2 (.5220). 🌊
Keep those peepers peeled for a comeback with reversal candles, or spicy red ones sliding below key zones hinting AUD might be in some trouble.
Whatever the move, keep your hustle in check and level up your risk game. Stay sharp on biggest market plays that could shake things up. 🔥
Disclaimer:
Heads up, all the tech analysis shared here is for the LOLs and learning. Don’t take it as gospel or a shout for any specific moves. Tech analysis is just part of the trading squad. What's mentioned is to flag interesting spots other traders might be side-eyeing. You’re the boss of your moves, your coin, and the aftermath. Play it safe out there. 💪