If we look at the AUDCHF pair, we can see it has been in a huge wedge pattern for some time now. It has finally broken down through the bottom of the wedge, and now appears to be retesting the outer edge of the wedge. I think we could see a move down to a previous zone of support.
Note
Retest of outer edge of the Wedge.Note
The pair are now consolidating before next move down.
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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.