AUD/CHF 1H Chart: Triangle

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair has been gradually narrowing its trading range most of the September from 130 to 30 pips. It is worth mentioning that the pair is trading in the last decimal of the pattern and just slightly below it's resistance which could lead to a major move in the near future. It has been trading above the 0.865 for the last the last few days. Taking in to account the readings of technical indicators it seems it could send the pair higher breaching the pattern's boundaries. A major 530 pip appreciation lead to the pattern, but it seems that Fibonacci retracements have no impact on the pair. 

© Dukascopy Bank SA
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Wed, 18 Sep 2013 14:40:53 GMT

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Wed, 18 Sep 2013 13:09:48 GMT

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