AUDCHF At the Median Line

FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF             may have found support just below the median line and may start oscillating around the median line . While it's currently being coerced by two opposing forces (the impulsive bullish one and the corrective bearish one) it seems to be moving up in terms of down slope and staging bullish price action above the horizontal support at 0.812. So it's possible that it's going to bounce once again off the bluish sliding parallel and head for the same parallel above. However, extra caution is required because of the resistance resulting from the lows of the prior horizontal range. Nonetheless, I can see a bullish potential up to the 61.8% retracement .

There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial adivice.
I forgot to add some comment on the chart.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out