Break out of consolidation

Long

Australian Dollar / Swiss Franc (OANDA:AUDCHF)

OANDA:AUDCHF Australian Dollar / Swiss Franc

AUDCHF has broken out of a little over a month long consolidation and is currently pulling back to retest the former resistance as support. I am looking for a rejection from this area with both target areas marked. As always wait for confirmation for entry and manage your risk accordingly.

Happy Trading!
-Nick

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.