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DeGRAM
Dec 8, 2023 8:34 AM

DeGRAM | AUDCHF in consolidation zone Short

Australian Dollar/Swiss FrancFXCM

Description

AUDCHF is in sideways movement on the 4H timeframe, indicating a consolidating market.

The market is trading in the descending channel at the support level.

The upper border of the channel acts as a dynamic resistance.

We might see some sharp moves from the resistance.


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Comments
DeGRAM
Good luck in the markets and may the profit be with you !
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