AUD/CHF Counter Trend Move Below D H3 – 0.7106
The AUD/CHF has made a bounce following a positive correlation with the AUD/USD as I already show you in my previous AUD analysis.
The AUD/CHF has reached D H3, double BB confluence and ATR pivot. Today it’s Friday so we might see a counter trend move that might happen as a profit taking. Rejections from 0.7085-0.7100 could provide additional momentum towards 0.7065 and if the price goes below it, we should see 0.7035 and 0.7010.
However, a close above 0. 7010 could prove additional bullish momentum towards 0.7140.
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Many green pips,
Nenad Kerkez aka Tarantula FX