AUDCHF Analysis, April 24, 2025
AUDCHF on TF M15 at the beginning of the chart, the price shows a movement that tends to be sideways or ranging, with relatively low volume and volatility. This indicates that the market is in a consolidation condition and does not yet have a clear trend direction. After the consolidation phase, there was a fairly sharp and significant upward breakout, indicating a strong bullish sentiment towards AUD compared to CHF.
Given that the previous short-term trend was bullish, the buy on dip strategy is still quite relevant as long as the price has not broken through the strong support level in the range of 0.5240 - 0.5220. Entry can be made when the price bounces off the support area with confirmation of a reversal candlestick such as a pin bar or bullish engulfing.
