AUD/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.6357, 0.6392, 0.6437
Key Support Levels: 0.6280, 0.6239, 0.6196
The price on the higher time frame has been in a downtrend for some time and it has recently broken a small consolidation zone of 0.6722 and 0.6587 to the downside. The pair is facing small resistance at 0.6440. It has sustained below that level and now continuing the trend.
AUD/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price has maintained a bearish trend after the break of a support level at 0.6437. It has now also broken and retested a minor level of 0.6357 before continuing the momentum.
Sell Stop Order @ 0.6330
TP 1 @ 0.6286
TP 2 @ 0.6242
Stop Loss @ 0.6374
Trade Safely 🙂