AUDCHF is trading in a bearish trend. After the price set a new lower low, it started a correctional movement.
The pair reached a major falling trend line this week. The market was stuck on that for a couple of days and formed a horizontal range on 4H. Its support was broken yesterday.
It will most likely trigger a bearish trend continuation. Goals will be 0.5935 / 0.588
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.