According to my previous AUD/CHF analysis, the pair failed to break above R2 (0.7092) with a daily close below that level confirming the bearish sentiment.
The R2 still remains key resistane and while the pair is trading near that level a great risk/reward trade is offered.
Consider selling AUD/CHF today near R2, targeting S1 (0.6893) area and stop loss just above the 16.07 high - 0.7108
Support: 0.7042, 0.6893
Resistance: 0.7092, 0.7108
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of AUD/CHF for July 17, 2015 . Thanks for your support.
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