AUDCHF Bearish Channel
Updated
CHF is outperforming the AUD, fundamentally Gold came under modest bearish pressure and declined toward $1,760 in the European session on Thursday.
As you can see price is now trading downwards and finding support along the once resistance trendline on the larger bearish trend.
We wait for price to break the resistance turned support trendline to join the move downside or a retest of higher resistance channel which ever come first.
As you can see price is now trading downwards and finding support along the once resistance trendline on the larger bearish trend.
We wait for price to break the resistance turned support trendline to join the move downside or a retest of higher resistance channel which ever come first.
Note
Trend moving as anticipated . patience is key.
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.