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AUDCHF approaching resistance, potential drop!

Short
Australian Dollar / Swiss Franc (FX:AUDCHF)  
Tickmill Broker  
FX:AUDCHF   Australian Dollar / Swiss Franc
Harmonic Patterns Chart Patterns Trend Analysis AUDCHF aud chf audchflong audchfshort
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harmonicpatterns chartpattern trendanalysis audchf aud chf audchflong audchfshort
AUDCHF is approaching our first resistance at 0.7184 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7056 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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