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Gareth_Roberts

AUDCHF Wedge break out

Short
Australian Dollar / Swiss Franc (FX:AUDCHF)  
Gareth_Roberts Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF audchf_wedge audchf_sell
6
0
audchf audchf_wedge audchf_sell
If we look at the AUDCHF pair, we can see it has been in a huge wedge pattern for some time now. It has finally broken down through the bottom of the wedge, and now appears to be retesting the outer edge of the wedge. I think we could see a move down to a previous zone of support.
Comment:
Retest of outer edge of the Wedge.
snapshot
Comment:
The pair are now consolidating before next move down.
snapshot
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