AUDCHF At the Median Line
AUDCHF may have found support just below the median line and may start oscillating around the median line. While it's currently being coerced by two opposing forces (the impulsive bullish one and the corrective bearish one) it seems to be moving up in terms of down slope and staging bullish price action above the horizontal support at 0.812. So it's possible that it's going to bounce once again off the bluish sliding parallel and head for the same parallel above. However, extra caution is required because of the resistance resulting from the lows of the prior horizontal range. Nonetheless, I can see a bullish potential up to the 61.8% retracement.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial adivice.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial adivice.
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