AUSCHF - Long position ahead

Since beginning of 2023 this pair is going down month over month.
Now is time to take a look in more details about the current situation.

Clearly there is a strong support around 0,56, it is a weekly support which became even more stronger.

The 3 MM is getting closer, which is another indicator that the price is inching closer the averages, any candle above the recent high can be a advance entry for a long position.

For the conservative trades, wait until the break up of the MM.

Have a good trades.