Hi traders:
On AUDCHF's daily chart, the price action broke down from the wedge, and now has pull-backed to 61.80 area, forming a lower high. Overall the daily trend is bearish, and this week we can potentially see more bearish momentum in the market.
Pay close attention to the intraday charts for entries, potential target could be the recent lows of 0.7250 area.
Thank you for your support and feedback.
On AUDCHF's daily chart, the price action broke down from the wedge, and now has pull-backed to 61.80 area, forming a lower high. Overall the daily trend is bearish, and this week we can potentially see more bearish momentum in the market.
Pay close attention to the intraday charts for entries, potential target could be the recent lows of 0.7250 area.
Thank you for your support and feedback.
Note
Here is the weekly chart:-Nice rejection of the 0.7560 resistance zone
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Related publications
Disclaimer
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.