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FxWirePro
Nov 20, 2015 11:49 AM

Weekly pick: AUD/CHF - Weekly close above 0.7310 targets 0.7050 Long

Australian Dollar/Swiss FrancFXCM

Description

Break out level- 0.7315 (Jun 2015 high)

The pair has broken a major resistance 0.7315 and jumped till 0.7322. It is currently trading at 0.7318.

On the downside the support is around 0.7270 and break below will drag the pair till 0.7225/0.7195.

The pair’s major resistance is around 0.7325 and break above targets 0.7360/0.7400

It is good to buy at dips around 0.7305 with SL around 0.7270 for the TP of 0.7400/0.7050
Comments
Nicemate
How can it target 0.7050 Long from 0.7305 ?
FxWirePro
No i am long in AUDCHF FROM 0.7205
TomProTrader
About 4 weeks too late...
FxWirePro
I have given AUD/CHF from 0.7205
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