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AUD/NZD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/CHF 4H Chart: Channel Down Comment: Since the last time we looked at AUD/CHF, the pair has confirmed the lower boundary of the channel and has approached the upper trend-line. Accordingly, we now expect the Aussie to turn around and start a new bearish leg. Although there are not many arguments in favour of a sell-off apart from the pattern itself and the fact that the currency is overbought (71% of positions are long), the risks are skewed to the downside. The rate should soon bounce off

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