AUDCHF Fibonacci Short

٨ يوليو ٢٠٢٢

This week, the AUD/CHF has been a key mover and shaker. At press time, this pair is drawing near a key resistance zone:

Resistance(1): Weekly 38% Retracement, 0.6714
Resistance(2): Monthly 38% Retracement, 0.6732

Here's the trade:

1) Sell @ 0.6714
2) Stop loss @ 0.6779
3) Profit target @ 0.6584, 1:2 risk vs reward ratio

This is a short-term position trade. It may take some time to resolve once it goes live.