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TradingShot
May 11, 2023 8:55 AM

AUDCHF Short-term Buy Signal Long

AUSTRALIAN DOLLAR / SWISS FRANCICE

Description

The AUDCHF pair reached the bottom (Lower Lows trend-line) of the 2-year Channel Down pattern and rebounded, testing now the 1D MA50 (blue trend-line). Then that 1D MA50 test took place after the RSI on the 1W time-frame rebounded on its Support Zone, all three times the price hit the 1D MA200 (orange trend-line). This can happen a little quicker at 0.62000 or slower at 0.61500. Choose the appropriate target depending on the course of the price action.

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Comments
pejman_zwin
This is the best.🔮
TheFxAce
I agree with you here
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