informedtrades
Long

AUDCHF Pulls Back In Midst of Uptrend

FX:AUDCHF   Australian Dollar/Swiss Franc
59 0 0
What I'd really like to see out of this is a bit more candlestick confirmation, but I think there are enough signs in place to warrant pulling the trigger and placing an order. Price has pulled back to a 50% Fibonacci retracement level, and is above the 50 SMA and 200 EMA. While the candlestick confirmation could be stronger, we do still have long wicks on today and the preceding trading day. Moreover, we are seeing AUD approach key levels in other pairs, like GBPAUD             .

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