In this trade idea, we will trade in the opposite direction with the major trend so we need to be careful and consider this before buying AUDCHF. We may see a strong support zone near 0.6742 but the price may move higher also from where it is now. One thing that I want to point out again in this trade idea is the low volume that we are facing during the summer season. So we have to deal with this problem up to the end of August. This is not one of my favorite times of trading.
In this trading idea, we will be trading in the opposite direction to the main trend, so we need to be careful and consider it before buying AUDCHF. We can see a strong support area near 0.6742 but the price may move higher from where it is now.
One thing I want to emphasize again in this trading idea is the low volume we are facing during the summer season. So we have to deal with this problem by the end of August. This is not my favorite trading season.