17.07.201511:10 Forex Analysis & Reviews: Technical analysis of AUD/CHF for July 17, 2015

Long-term review

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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

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