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John_Mwaniki

AUDCHF Analysis: Price at a strong resistance level

Short
Australian Dollar / Swiss Franc (OANDA:AUDCHF)  
John_Mwaniki  
OANDA:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators AUDCHF audchfshort audchfsignal audchfanalysis resistance_level
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trendanalysis chartpattern indicator audchf audchfshort audchfsignal audchfanalysis resistance_level
AUDCHF is following an ascending channel. I has currently reached a strong resistance level and has shown signs of reversal in smaller timeframes.
There is a likelihood that the price may fall down towards the support line of the channel.
Breaking of the resistance level with invalidate this analysis.
If you agree with this analysis hit the like button to show some support.
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