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AUD/CHF Potential Downward Movement

AUD/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.57405, 0.57767, 0.58286

Key Support Levels: 0.57005, 0.56801, 0.56368

Daily Chart:

The price on the higher time frame has been in a downtrend recently after it faced resistance at the 0.60451 level and reversed the direction. The pair has continued to break a few levels which suggests further trend continuation.

AUD/CHF Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.58286 and 0.57767 and has sustained below that. As of now the pair has broken and retested a minor level of 0.57405 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.57259

TP @ 0.57020

Stop Loss @ 0.57498

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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