AUDCHF - Long

After a great short trade on AUDCHF this week, we are looking at a short-term long position on this pair after a clear rejection of the 0.68200 level and a break of the downtrend.

If price can pull back to 0.65520 and show a bullish rejection at this level then we will look to take a long position with stops and targets as shown for a 1% capital exposure and a 2% target.

Cheers, Paul.