InstaForex - Analytics

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    Technical analysis of AUD/CHF for July 17, 2015

    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

    audchf-h4-instaforex-group-2.png

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