AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce from this area of support and continue travelling in a the triangle upwards.
For price to continue travelling in the triangle we will need to see some sort of bullish candle, Till then we are waiting.l..
LEAVE YOUR THOUGHTS BELOW....
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Price has broken out of the triangle and to the downside of the support area, we are expecting price to move down to the next pink highlighted support zone.