AUDCHF - Testing Resistance
AUDCHF has been in a bullish trend for February and is now testing larger timeframe resistance levels.
If it retraces and bounces off support levels there is an opportunity for a swing trade in the direction of the current trend.
There is however evidence of slowing momentum in the MACD indicator on the 1hr timeframe so watch for a break of the support trendline.
If it retraces and bounces off support levels there is an opportunity for a swing trade in the direction of the current trend.
There is however evidence of slowing momentum in the MACD indicator on the 1hr timeframe so watch for a break of the support trendline.
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