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feliperop
Aug 31, 2019 1:08 PM

AUDCHF opportunity 

Australian Dollar/Swiss FrancFXCM

Description

Tuesday, Wednesday and Thursday all coming up with top tier economic data for the Aussie and the Swissy.

On the 4 hour chart we can see strong support on the 6.500-6.525 range (sellers might be tired) and strong resistance at 6.550- 6580.

A break below would send us to the mentioned support for a profit of +100 pips, break below and all the way towards the January flash crash.

However, brake above would send us to 6.800 for a similar initial profit.

Which way is it going to brake?

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