AUD/CHF Forex Signal - 4 October 2016

Christopher Lewis

Today’s AUD/CHF signal

Risk 0.5%

Trade can be entered as late as 8 AM New York time, or afternoon London.

Trade 1 – short

• sell at 0.7440

• stop loss and 0.7520

• target 0.7380

Trade 2 – long

• buy at 0.7520

• stop loss and 0.7450

• target 0.77

• stop loss moved to break even at 40 pips profit

AUD/CHF analysis

The AUD/CHF pair is finding quite a bit of resistance in the form of a 0.75 handle, and as a result ended up forming a shooting star, one of the more bearish candlesticks that you can form. Write down below the bottom of the candlestick I believe that we will continue to consolidate and make a quick pullback. The Australian dollar is somewhat listless at the moment, while the Swiss franc remains fairly stable. Ultimately, this is a simple range play.

About the Author
Christopher Lewis

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.

Currency Pairs:
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