AudChf is bearish, look for sell opportunities

OANDA:AUDCHF   Australian Dollar / Swiss Franc
The trend for AudChf is clearly bearish and the pair fell 700 pips since the end of February to the end of August.
The rally started after the recent low is just a correction to the overall trend and we can consider this correction over at this moment.
If we look at the daily chart we can see that the recent rally reversed from a very strong confluence resistance given by last horizontal support and 50% Fibo.
Also at the beginning of November AudChf has broken under the rising trend line and 0.68 support and now the road is clear for a new test of 0.65 zone support.
I'm looking to sell rallies and I will stay bearish as long as the price is under the last broken support

Free Telegram- Forex&Gold trades:

Free Telegram- Crypto:

Paid subscription info:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.