As can be seen from the chart above, AUDCHF
is following it's uptrend line clearly, sticking to it in a clean uptrend. I can see the pair going up to 0.64250 in the near term, which is where I would place my take-profit level. The chart above highlights the long term uptrend line and the short term uptrend line, both of which are being followed by AUDCHF
in a disciplined manner. With China's data release in a few hours, I expect there to be some volatility
in this pair, but otherwise, the uptrend seems to be strong in this pair.