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Audchfshort

AUDCHF approaching resistance, look out for potential reversal! AUDCHF is approaching its resistance at 0.69056 where it is could reverse down to its support at 0.68288. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
AUDCHF - ShortThe Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF. Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630. Initially this trade has been taken as a day-trade however we will look to scale into a larger position and hold for anywhere from a couple of days to a couple of weeks should the initial target at 0.68325 be convincingly broken. Keep it real. Cheers, Paul.
Short
by Mase_00_7
AUDCHF Major LevelAUDCHF has been travelling in a descending channel marked out in black. Price recently hit the top of the channel and has started making its way down, on its way it has formed another descending channel marked out in blue. Right now price is at a major support level, It has previously been tested in the past very strongly. If price breaks above the descending channel we could be seeing another test of this area and make its way back up, or it could break below this area, retest it before dropping to make Lower Lows.
Short
by UnknownUnicorn2396129
AUDCHF AT THE BOTTOM OF ITS TRIANGLE AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce from this area of support and continue travelling in a the triangle upwards. For price to continue travelling in the triangle we will need to see some sort of bullish candle, Till then we are waiting.l.. LEAVE YOUR THOUGHTS BELOW....
by UnknownUnicorn2396129