AUD/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.6201, 0.6262, 0.6302
Key Support Levels: 0.6101, 0.6045, 0.5989
The price on the higher time frame has been in a downtrend for the last few months. The pair was recently trading in a range of 0.6436 and 0.6303 which has been broken and it is showing signs of trend continuation.
AUD/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It consolidated for some time between a range of 0.6353 and 0.6301 which has been broken. As of now the pair has broken another minor level of 0.6201 before continuing the momentum.
Sell Stop Order @ 0.6160
TP 1 @ 0.6109
TP 2 @ 0.6032
Stop Loss @ 0.6211
Trade Safely 🙂