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I have luckily set long on this pair which helped me to recover from my big losses. When I tried to analyze this pair on longer timeframe which is Monthly chart, it seems more bullish run is yet to come. Please find below the chart,
Current price just falling under the same previous bottom in 2009 and 2001. This year it went even lower but double side doji suggests the change in direction and then the bullish channel. As the price action just touched the previous price action, I expect this pair to go even higher before correcting itself to the same price action. In case, if you are long time trader, I believe you can set yourself towards 0.86 which is highly possible from now looking at the weak franc and strong Aussie!
Current price just falling under the same previous bottom in 2009 and 2001. This year it went even lower but double side doji suggests the change in direction and then the bullish channel. As the price action just touched the previous price action, I expect this pair to go even higher before correcting itself to the same price action. In case, if you are long time trader, I believe you can set yourself towards 0.86 which is highly possible from now looking at the weak franc and strong Aussie!
