AUDCHF: Trend-Following Opportunity 🇦🇺🇨🇭

Short

Australian Dollar / Swiss Franc (OANDA:AUDCHF)

OANDA:AUDCHF Australian Dollar / Swiss Franc

Parallel Channel Rectangle Wave Analysis swing swingtrading swingtrader swingtrade AUDCHF australiandollar aud chf

parallelchannel rectangle waveanalysis swing swingtrading swingtrader swingtrade audchf australiandollar aud chf

snapshot

AUDCHF is trading in a bearish trend.

After a strong selling wave, the pair was consolidating for 2 weeks
within a narrow range on a daily.

Yesterday, the support of the range was broken.
We see its retest now.

I expect a bearish movement lower.
At least to 0.5636 level.

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