AUDCHF IDEA

Description of Chart:
As with my AUDCAD position the AUDCHF pair is lining up quite nicely. As you can see we have been in this range for almost the last year. We approached the top level at 0.7 and bounced off of it. We can either short here back down to either the 50/200MA (Red and Blue) or we can short down to the lower trend line (in yellow).

Another option is to wait for a break out either up or down, this option might take longer to play out though.

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