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AUD/CHF Potential Downward Movement

AUD/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.6201, 0.6262, 0.6302

Key Support Levels: 0.6101, 0.6045, 0.5989

Daily Chart:

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

1-Hour Chart:

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. 

Signal Idea:

Sell Stop Order @ 0.6160

TP 1 @ 0.6109

TP 2 @ 0.6032

Stop Loss @ 0.6211

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.

5 comments

  1. Thank you 😊

  2. Good morning Krystal here a new forex trader. At what time should I enter this trade AUD/CHF? Thank you so much I truly appreciate this support and community.

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