AUDCHF// Likely Outcome - Short

Strong downtrend coming up on last structure of resistance turned support. Indicate a possible rally and break of trend, however if you look at the HTF, AUDCHF has been in a downtrend for years, and this may be a key point in the resumption of said trend.

Weekly view in comments.

Comment:

Im completely unaware of the macro economic view on these countries however, from the chart, long term shorts are in play.