AUD/CHF is aligned for a break and possible retest of the current resistance. Bulls will be able to catch wave 3 of a 1,2 and 3 wave analysis if price action respects market structure. AUD/CHF has positioned in a bullish environment which enables the paid to be on a high priority watchlist as all it now needs is a break of current resistance in order to set the wheels in motion for a trade setup. The following is a top-down analysis of the market structure which gives rise to a bullish bias and high probability trade set up for a 1:3 risk to reward ratio, (R/R). Monthly chart As can be seen, while the price is moving close to a supply area, there is still room to the upside with the market holding above support. Weekly chart On the weekly chart, the price has been rejected on the first attempt to break higher last year, but over a number of months, the bulls have stayed on the right side of the market. The weekly support is plain to see and a subsequent rally has seen a 50% Fibonacci retracement which may well be the start of a new impulse to the upside. Daily chart The daily chart offers a clearer illustration of the bullish prospects. 4HR chart As can be seen, the price needs to break the resistance on the 4-hour chart and a restest of the structure which would be expected to turn support offers scope for a 1:3 R/R buy limit set up. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Price Analysis: Euro dives out of 4-month ascending trendline FX Street 2 years AUD/CHF is aligned for a break and possible retest of the current resistance. Bulls will be able to catch wave 3 of a 1,2 and 3 wave analysis if price action respects market structure. AUD/CHF has positioned in a bullish environment which enables the paid to be on a high priority watchlist as all it now needs is a break of current resistance in order to set the wheels in motion for a trade setup. The following is a top-down analysis of the market structure which gives rise to a bullish bias and high probability trade set up for a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.