I'm not exactly sure we're going to back test the ascending trend line and head down. We were pretty oversold. I'm more convinced that it's going to recapture the horizontal support/resistance line, retest once above and then head to the most recent highs, ultimately working its way to the weekly downtrend line.
Nota
We have broken above the noted resistance. It would be healthy for this to pull back to test what is now a support before heading higher.

istantanea
AUDCHFForexSupport and ResistanceTrend Lines

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