06.04.2020
The overall trend is downward. The resistance level of 0.5963 is holding back buyers. A breakout of the support level of 0.5830 will result in the formation of a descending 1-2-3 pattern within the overall downtrend. Also, sell below 135 EMA.
Trading recommendations:
Sell below 0.5830.
Stop loss: 0.5963.
Target levels: 0.5727; 0.5630.
A reversal is possible at the completion of the descending pattern and the formation of the ascending pattern.
(This means closing the current trade and opening an opposite one with the opposite signal)
The AUDCHF rate online: monitor the movement of the pair in real time.
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