AUDCHF FORECAST
Hi traders ,on my previous analysis the price failed to drop a little before shooting up but its okay :)
Here's my update on this pair:
The pair is trading in a descending broadening wedge ?/ right angled broadening bottom wedge ? which makes it a little bit hard for me to deicide the next big move.
The price could fail to touch the falling resistance and melt down to the next support line (0.66300 - 0.66000) before shooting up
Or the price could test the horizontal resistance , re-test the wedge and shoot up to 0.70000
Or the price could be rejected at the falling/horizontal resistances before melting down to the support line (0.66300 - 0.66000)
lets see how it plays ...
Here's my update on this pair:
The pair is trading in a descending broadening wedge ?/ right angled broadening bottom wedge ? which makes it a little bit hard for me to deicide the next big move.
The price could fail to touch the falling resistance and melt down to the next support line (0.66300 - 0.66000) before shooting up
Or the price could test the horizontal resistance , re-test the wedge and shoot up to 0.70000
Or the price could be rejected at the falling/horizontal resistances before melting down to the support line (0.66300 - 0.66000)
lets see how it plays ...
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.