The Aussie dollar was able to rally hard all through the month of September, but I feel this was merely a retracement. The Swiss Franc has been by far the strongest performing major currency this year, so my bias is still bullish in its favor.
Price closed below .59 back on Friday, after rallying all day, which leads me to believe the bulls on this pair decided to take profit to close out the month. With the RSI being overbought as well, I feel like now is a great time to sell.
Price closed below .59 back on Friday, after rallying all day, which leads me to believe the bulls on this pair decided to take profit to close out the month. With the RSI being overbought as well, I feel like now is a great time to sell.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.