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AUDCHF - previous support will become new resistance
AUDCHF
, 1D
AUDCHF: AUDCHF - previous support will become new resistance

The market has been respecting this support zone for a very long time. Once it breaks below the support level we can expect the market to go back and retest the support zone which now become the new resistance level. Let me know your thoughts.

AUDCAD - Retest of the previous support
AUDCAD
, 1DShort
AUDCAD: AUDCAD - Retest of the previous support

The market has made a reversal by producing the head and shoulder pattern on the daily chart. The price is now going to test the previous support level which now becomes the new resistance. We can expect the market to break down further.

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