AUDCHF OVEREXTENDED ON THE DAILY TIMEFRAME
AUDCHF has been on our watchlist taking long trades from key support successfully. We are looking to continue the uptrend currently however the market looks to be over-extended
as it heads towards the key resistance of 0.7280 which also holds a 1.618 Fibonacci extension. We wouldn't look to buy here as it sits at a key resistance however we could look for the market
to pullback from this area back into key support highs. Counter-trend traders could look for short opportunities here on lower timeframes.
as it heads towards the key resistance of 0.7280 which also holds a 1.618 Fibonacci extension. We wouldn't look to buy here as it sits at a key resistance however we could look for the market
to pullback from this area back into key support highs. Counter-trend traders could look for short opportunities here on lower timeframes.
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