AUDCHF: Head & Shoulders Pattern Signals Bearish Potential

Aug 15

AUDCHF: Head & Shoulders Pattern Signals Bearish Potential

AUDCHF has completed a well-defined Head & Shoulders pattern, suggesting a potential bearish continuation. The neckline breakout reinforces the likelihood of downward momentum.

Volume remains low today.
With the European markets closed, directional conviction is likely to be muted until later in the U.S. trading session.

Key Levels to Watch:
If bearish pressure resumes, 0.5225 and 0.5200 are the next downside targets.

These levels may be reached during the U.S. session or in the coming days, depending on volume pickup and risk sentiment.

You may find more details in the chart!
Thank you and Good Luck!

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Aug 20

Trade closed: target reached