AUDCHF Upcoming Long Opportunity

Following negative CPI data the Aussie dollar fell considerable today, moving price lower into potential buy territory at the 0.69650 significant support level. Additionally, this level coincides with a decent bull channel which has been in formation since the beginning of September.

Ultimately I remain neutral with this trade as there are still a number of things that could happen. I will be keeping this on my radar and will be looking for a nice candle signalling a long entry on the daily chart, in addition to supporting PA on the lower time frames.

Kommentar:

Price is at a minor level within the range of major support and resistance.