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Charles-OW
Jan 4, 2022 5:47 PM

AUDCHF IDEA  

Australian Dollar/Swiss FrancFXCM

Description

From what I can see, price failed to break the resistance area of 0.66700. With that, it also broke through the upwards trend line. For some time, it was consolidating between the resistance area and the support area of 0.66200. Recently, the support was broken, which tells me that that area isn't as strong anymore. Meaning, if price gives a clean break of the support area, we could be seeing strong bearish momentum.
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