vlad.adrian
Long

AUDCHF - Downtrend exhaustion

FX:AUDCHF   Australian Dollar/Swiss Franc
131 0 1
The big downtrend in the aussie has entered in the last months in a consolidation phase. The last weeks after the RBA announcement the pair started going down again. Now we are in a very strong support zone, so i expect a bounce. Target outlined on the chart ( it may be a bit optimistic). The histogram shows us that the power of bears started to diminish, even though the price continued to go down, so we have a divergence.

Keep in mind the fundamentals, which continue to be against the australian dollar!!!!!
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