AUDCHF BEARISH CHANNEL LOOKING FOR A BREAKOUT
We've identified a robust bearish channel on the weekly timeframe, pinpointing a reversal at a significant support level. Despite recent bullish attempts, the price couldn't breach the upper boundary and the established key level, leading to a reversal back towards the support. To anticipate a substantial bullish reversal and a potential rally, confirmation is needed for a breakout above both the upper boundary and the key level.
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Disclaimer
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.