AUDCHF Bullish continuation above 0.6200
The first move up is done and now it's consolidating in the range to gather strength for the upcoming target towards 0.6790
0.6790 is in the target zone of the following influences:
1. Fibo Ext. 61.8 of the first move
2. Resistance zone of the falling trendline on the weekly
3. 100 Moving Average on the weekly
The trade idea is to look for buy entry once it breaks above the current range top at 0.6390
Consider the stop below 0.6200
0.6790 is in the target zone of the following influences:
1. Fibo Ext. 61.8 of the first move
2. Resistance zone of the falling trendline on the weekly
3. 100 Moving Average on the weekly
The trade idea is to look for buy entry once it breaks above the current range top at 0.6390
Consider the stop below 0.6200