AUDCHF has broken out of a triangle (bullish) and is not retesting the resistive trendline of the triangle. Furthermore, AUDCHF is on the supportive trendline of the triangle, which is still holding valid right now. Bulls can look to go long on this pair, placing a stop loss a few pips below the supportive trendline, and the first target around 0.66300, with an ultimate target at 0.67000
Traders should be cautious and not trade based on your (or anyone's) predictions, but rather react to what occurs in the market.
Be sure to follow me for more ideas and analyses. Please feel free to leave a comment with your thoughts below, all input is appreciated!
Best of luck traders!
Traders should be cautious and not trade based on your (or anyone's) predictions, but rather react to what occurs in the market.
Be sure to follow me for more ideas and analyses. Please feel free to leave a comment with your thoughts below, all input is appreciated!
Best of luck traders!