AUDCHF is bouncing off the support
AUDCHF is breaking above the Inverse H&S formation 0.6830. It has bounced off the support line and is continuing above 0.6900. From here there is no visible resistance and we could easily see the par hitting 0.7400. Support for this continuation higher is 0.9600 and invalidation could come only with a confirmed break below the 0.6830.
Note – We are inclined to long trade entries with the stop loss below 0.6850 at the market
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