themarketzone
Short

Few good reasons to try and short AUDCHF

FX:AUDCHF   Australian Dollar/Swiss Franc
$AUDCHF slowly grinds its way higher towards 0.72-0.73 resistance zone .
The price completed 2 harmonic patterns - AB=CD and Gartley/Bat (B point just below the 61.8 Fib level).
It is also near the daily 200 SMA line and the top of a rising Wedge pattern.
Whole of these technical reasons make the 0.72-0.73 a very interesting Sell Zone.

The final target zone of this setup is 0.7

Tomer, The MarketZone
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Comment: Setup failed today due to AUD strength. Next sell zone Cypher pattern completion near 0.75
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