AUDCHF Reversal scenario
With the conflict happening in the middle east, we have seen commoditiy prices go up and this situation where gold is going up should make the australian dollar perform well as it has done in the past. Now, AUDCHF has just found a solid support at around the round number of 0.5800 and failed to create lower lows which is a sign that sellers are progressively losing control. I expect price to start going up in the near future...
Order cancelled
The price failed to break my yellow line where I had a pending order which therefore could not be activated. At this point, I abandon this idea.
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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.