AUD/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.57405, 0.57767, 0.58286
Key Support Levels: 0.57005, 0.56801, 0.56368
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
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.
Sell Stop Order @ 0.57259
TP @ 0.57020
Stop Loss @ 0.57498
Trade Safely 🙂