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AUDCHF is dropping after a 1day MA50 rejection.
Australian Dollar / Swiss Franc
Short
AUDCHF is dropping after a 1day MA50 rejection.
By TheCryptagon
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Jul 12, 2023
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Jul 12, 2023
AUDCHF is on the decline after the price got rejected on the 1day MA50 last week.
The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%.
Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down.
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AUC
AUDCHF
australiandollar
Chart Patterns
chf
Forex
Technical Indicators
swissfranc
Trend Analysis
TheCryptagon
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