AUDCHF has been on our watchlist taking long trades from key support successfully. We are looking to continue the uptrend currently however the market looks to be over-extended
as it heads towards the key resistance of 0.7280 which also holds a 1.618 Fibonacci extension. We wouldn't look to buy here as it sits at a key resistance however we could look for the market
to pullback from this area back into key support highs. Counter-trend traders could look for short opportunities here on lower timeframes.
as it heads towards the key resistance of 0.7280 which also holds a 1.618 Fibonacci extension. We wouldn't look to buy here as it sits at a key resistance however we could look for the market
to pullback from this area back into key support highs. Counter-trend traders could look for short opportunities here on lower timeframes.
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