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Australian Dollar / Swiss Franc

AUDCHF Strong Confluence Area

By 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.

Happy Trading
AUDCHFBearish PatternsBullish PatternsElliott WaveSupport and ResistanceTrend Lines
CroomFX

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