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kfrivaldo
Apr 12, 2020 8:02 AM

AUDCHF similar movement of AUDUSD with W pattern. Short

AUSTRALIAN DOLLAR / SWISS FRANCICE

Description

Once W pattern reach 0.62332 area, there is high a probability that it will revisit the neckline. at 0.60000 area.

0.62332 area used to be a previous support and will likely become resistance.

If the market shows bearish momentum at 0.62332 area, the target level will be at the neckline at 0.59750
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