AUDCHF: Important Breakout & Bearish Outlook
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.
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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