MujkanovicFX

AUD/CHF continues down inside channel

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
The AUD/CHF pair printed a strong bearish candle today after reaching the upper channel resistance on the daily chart.

The reversal point aligns with the 61.8% Fib level, signaling a potential continuation of the underlying downtrend.

The RSI is printing a hidden bearish divergence.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.