The Aussie Dollar Swiss Franc.

Good evening Dynamic Traders,

Tonights chart is of the AUDCHF on the daily timeframe as mentioned at the end of last month, where I said it was looking bullish.
Price action since then did not enter a position but fell back only to climb again to where it stands now.

The longer and shorter term divergences are still in evidence and price is coming close to its former RS level clustering with fibonnacci extensions and retracements and the '00' figure.

Price action is consolidating a little here due to the resistances but all trends are still up and the squeeze is tightening so it will be interesting to see which forces win and therefore the direction of the break.

As the trend is up but resistance nearby, caution and patience is warranted, and wait for direction to employ your filters on, and be mindful of the fact that the HTF is still playing around the V.I.

As always please ensure to do your own analysis before entering any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.