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Dolar Australia / Franc Swiss

AUDCHF Strong Confluence Area

Oleh CroomFX
Price has respected a resistance level @ .77487 that hasn't been reached in about a year. We had a retest of the area where price broke through to about the .78000 area but quickly pulled back into a respecting channel. With that downward momentum we have reached a Major bullish trend line. Price at this level looks like it could continue bullish headed toward that resistance level until big money decides what to do. AUD & NZD pairs going into market open are looking strong, however if price continues to break lower, the breakout will be clear.

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AUDCHFBearish PatternsBullish PatternsElliott WaveSupport and ResistanceTrend Lines
CroomFX

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