Today's FOREX Trade of the Day was a long AUD/CHF position.
Entry Buy: 0.8379
Exit Sell: 0.8405
Notional Intraday Profit: +26 pips
Today's intraday Low of 0.8379 was right around the 38.2% retracement of yesterday's Daily range, rendering the retracement level a profitable Entry Buy level.
Today's intraday High of 1.6060 was above the 76.4% retracement level of the October intramonth range, rendering the retracement level a profitable Exit Sell level.
Looking at the Monthly chart below, we can see how the October intramonth Low was just below the 50% retracement of the 2014 intrayear range.
Upside price objectives include 0.8498, 0.8745, 0.8879, and 0.9035.
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