AUDCHF 1H SELLAUDCHF HAS Grabbed the Liquidity Above Multiple Highs and Reaching to Our ORDER BLOCK AREA from where we would expect the Market to Fall To the Downside. Also the Overall Trend is Bearish so we can expect another Move to the Downside
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AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure.
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