Strong demand supports 1.23% move on AUDCHF Long

Australian Dollar/Swiss FrancFXCM

Description

⋅ May 15, 2016 9:19 AM

Price is expected to make new high. Monthly and weekly trend is up, strong demand and structure aligning with 61.8% FIB retracement. Possible impulse move up to 1.23% FIB. Target in the 0.77950-ish area.