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AUDCHF Is A Compelling Short From A Long Term Perspective


AUDCHF has been rejected from the yearly 7-period moving average acting as a strong bearish resistance above price. The quarterly trend is bearish as well and capping the price that broke below a rising support line. This is a  compelling short set-up targeting the lower quarterly boundary of the volatility envelop (presently at 66.57). 0.76 is a  decent stop level for this trade.

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