FXCM

AUDCHF facing bearish pressure | 19th Apr 2021

Short
FX:AUDCHF   Australian Dollar / Swiss Franc
Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement . If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement . Stochastics is facing resistance from 92.64, the potential for a bounce.
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Comments

than you sir. you are really good. hope to learn from you ....
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Excellent work. I enjoy reading your logic and I learn quite a bit!
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