AUDCHF AUDCHF is preparing to break through support and fall

30 giu

Weak market structure. Gradually declining lows and no reaction to support at 0.5211. Buyers are trying to keep the price above 0.5211, but under market pressure their strength is weakening.

Relative to 0.5211, we see the formation of consolidation, which is of a “pre-breakdown” nature.
Accordingly, a break below the 0.5211 support level could trigger the activation of buyers' SL orders, leading to liquidation and a downward price distribution.
Potential targets include 0.518 and 0.5164.

1 lug

Trade attivo

3 lug

Trade chiuso: obiettivo raggiunto

target reached