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AUDCHF: Important Breakout & Bearish Outlook

Short
Australian Dollar / Swiss Franc (OANDA:AUDCHF)  
linofx1  
OANDA:AUDCHF   Australian Dollar / Swiss Franc
Support and Resistance Supply and Demand Trend Lines
7
2
supportandresistance supplyanddemand trendline
We have observed two significant developments on the AUDCHF chart.

The market has broken through and closed below a strong upward trend line and an important horizontal support level.

These broken structures now form an expanding supply area.

We can expect a further downward movement towards the 0.5828 level.
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