For the last month the Aud/Chf has been trading sideways and when I see price moving in this manner on the charts I prefer to wait and see whether the upper or lower boundary of the range is broken. Today price on the Aud/Chf has broken through the higher boundary of the range and I am now focused on the 0.71000 area for any bullish price action signals on the lower time frames after a retest.

audchf4hr

Any Questions – fire away!!

Jeremy

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