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1:2 Trade Spotted On AUDCHF

Tues 13th June 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

  • AUDCHF (Primary Focus Pair)
  • AUDJPY (Covered In Video)
  • GBPJPY (Covered In Video)
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Primary Focus Pair: Trade Plan & Details

Details:

There has been very little change to our live forex strength vs weakness tables. 

In fact AUD is still the strongest currency.

Today’s primary focus forex pair is AUDCHF, we did feature this currency pair in yesterday’s video which can be found here. 

Price has been trending higher after trading through the bearish channel resistance. 

This is confirmed by price making higher highs and higher lows on the H4 chart pictured below.
Price has traded through 0.6100 and looks to be heading to the next resistance level.

Resistance at 0.6200 was formed by the highs on 4th April this year. 

This level could be targets for traders buying this market.

If price retests our minor support level at 0.6100, we could go long with targets of 0.6200.

Live Forex Charts - AUDCHF - How to Find A Trending Forex Pair To Trade - Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses - charlesclifton.co.uk- 13-06-23