AUD/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.6705, 0.6749, 0.6854
Key Support Levels: 0.6623, 0.6539, 0.6479
The price on the higher time frame has recently started a downtrend after forming lower-high candles. There are a few rejection wicks seen and the price broke a support level of 0.6825 with good momentum. It has sustained below that point and the bearish bias looks strong.
AUD/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke to the downside and then consolidated between the range of 0.6749 and 0.6705 for some time. The lower range has been broken and retested. The price is continuing the momentum again.
Sell Limit Order @ 0.6680
TP 1 @ 0.6606
TP 2 @ 0.6458
Stop Loss @ 0.6754
Trade Safely 🙂