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DNP-FX
Feb 7, 2023 12:37 AM

AUDCHF 7th FEBRUARY 2023 Long

Australian Dollar/Swiss FrancFXCM

Description

AUDCHF is technically showing bullish indications:
1. Price is close to trendline support.
2. CCI 20 Crossed -90 lower band, reinforced oversold area.

Be aware of this risk, the presence of bearish marubozu candlestick, the lower bearish potential is also possible
Comments
JoeChampion
I agree on AUD strength based on RBA meeting, thx Pal!
DNP-FX
@JoeChampion, That's right! =) their statements are more hawkish.
kosai19
Great chart. The CCI also uses the 200 and -200 as reversal levels. Should add that to your chart and use it. I've used CCI for many years...it's quite good.
DNP-FX
@kosai19, I will consider it for the next analysis.. thanks for your advice. =)
wulanadellitaa
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