The Aussie Dollar Swiss Franc.

Good morning Dynamic Traders,

Todays chart of the AUDCHF on the daily timeframe, has been trending up since early March, and could currently be making a 123/DT formation at the previous R/S area which is in proximity to the figure area too.

Whilst doing your own analysis you will see that price is currently at the V.I. of the HTF.

The trendline shown on the daily chart below is now causing a tightening triangle and so depending on your stance you may wish to wait for the break should it occur or if you have the time to trade intraday then go to the LTF chart as a good fibonacci reversal figure has been hit which is reason to trade south when in conjunction with the varying divergences across several timeframes.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.