The Aussie Dollar Swiss Franc.

Good evening Dynamic Traders,

This afternoon I have put the AUDCHF on my watchlist with a view to at least a shorter intra day trade soon.

As can be seen from the daily timeframe chart below, this pair has been in a consolidation for about five months now and does not appear to have very much strength entering this cross at all.
We are however tightening up on the squeeze and will sooner or later want to burst its confines.

There appears to be strength short term on MACD which could imply a break north which does seem to be getting qualified with the lower timeframes, but if this is to happen a re analysis will have to be done as to see how far that move could go as the V.I. is not too far above and good figures also, which at the moment cluster with fibonacci.

Other indicators are in qualifying positions for this but I shall let you enjoy finding them.

As always please do your own analysis before taking any trades and good luck with your trading.

Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.