AUD/CHF 1H Chart: Triangle

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rally to a three-year high of 0.8395 laid the foundation for a 309-bar long triangle formed by AUD/CHF.
At the moment, the currency pair is on the brink of confirming that a recent breakout was false. AUD/CHF reversed its trend shortly after a shot above the triangle's resistance and now is moving back to the pattern's area. Nevertheless, traders are not convinced that the instrument irrevocably lost its spree – almost 67% of market players on the SWFX are bullish on the pair.
© Dukascopy Bank SA
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