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AUD/CHF Trading Analysis (18/09/2024)

18.09.2024

Market Review

The trend is descending. The resistance level at 0.5728 curbs buyers. The upward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an overbought condition.

AUD/CHF Forex price chart

Trading idea:

  • Buy at the breach of 0.5703.
  • Stop-loss at 0.5728.
  • Price targets at 0.5665 and 0.5620.


#audchf #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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