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AUD/CHF: Breakout?

AUD/CHF: Breakout?

AUD/CHF

Currently we are 0.7470 in a range and in a breakout of the channel. We are looking for a continuation to the 0.382 Fibo at 0.7378 and then the 0.500 Fibo at 0.7322 with a bounce anticipated there. The average daily true range (ATR) for the pair currently is 102 pips.

AUD/CHF Hourly Chart

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