Posted by: joetradingplace | January 4, 2013

Audchf Analysis

We have been bearish this pair since mid december and we took a couple of short trades, we turned bullish when the pair broke the 9520s Support Zone, but failed to follow through…same as eurnzd, we didnt find a good setup to go long, so we are now waiting for a retracement to join the party. Price has sliced through the 2 pivots (blue lines) and  we thinks its more likely to retest these levels if she has to continue higher. We will be looking for longs around the green circle.

audchf

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