AUDCHF similar movement of AUDUSD with W pattern.
Once W pattern reach 0.62332 area, there is high a probability that it will revisit the neckline. at 0.60000 area.
0.62332 area used to be a previous support and will likely become resistance.
If the market shows bearish momentum at 0.62332 area, the target level will be at the neckline at 0.59750
0.62332 area used to be a previous support and will likely become resistance.
If the market shows bearish momentum at 0.62332 area, the target level will be at the neckline at 0.59750
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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.