The AUD/CHF 4H chart shows a well-defined descending channel with current price action rebounding from the lower boundary near the 0.52136 support. A bullish reversal is expected toward the upper trendline near the 0.53199 target. The setup suggests a potential buy opportunity with a stop loss at 0.52004, aiming for a short-term bullish move within the channel.
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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.