AUD/CHF: Channel Break?

Scott Barkley ProAct Traders

Bearish: Currently we are at 0.6561 with a breakout of a channel in a range. We are looking to continuation to the ATR target @ 0.6525 and then on to the day chart support @ 0.6503. Look for a possible continuation to the 0.6450 area. The average daily true range (ATR) for the pair currently is 62 Pips. WATCH THE USDX for more clues.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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