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ICmarkets
Nov 22, 2018 4:23 AM

AUDCHF Reversed Off Resistance, Potential For Further Drop Short

Australian Dollar/Swiss FrancFXCM

Description

AUDCHF reversed off its resistance at 0.7236 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 0.7195 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.

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