The AUD/CHF chart is something I have been watching for a little while.
I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/CHF has taken a skydive this year.
Although I don't trade the daily chart I am cognizant of the approach and then the break and close above the bullish trend line.
As price is now approaching the previous Lower High, I am looking for a break and close above at 0.7112
If price can get above the previous Lower High I will then be looking to narrow down an entry point on the lower time frames.
Website:
www.UKForexSignals.com
I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/CHF has taken a skydive this year.
Although I don't trade the daily chart I am cognizant of the approach and then the break and close above the bullish trend line.
As price is now approaching the previous Lower High, I am looking for a break and close above at 0.7112
If price can get above the previous Lower High I will then be looking to narrow down an entry point on the lower time frames.
Website:
www.UKForexSignals.com