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The AUDCHF just reached an important WEEKLY RESISTANCE ZONE, but we still don't have a clear sign about the next movement.
To understand better the two possible scenarios, have a quick look on the AUDCHF Daily Chart here below:
Let's focus on the area that interests us:
The price is actually following a strong uptrend and it just reached an important resistance zone. The next price action around this area will be absolutely important to understand the next market's movement.
If the price will be rejected by this zone, we could get a short opportunity until the dynamic trendline support;
If the price will break this zone, we could get a long opportunity until the dynamic trendline resistance;
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
The AUDCHF just reached an important WEEKLY RESISTANCE ZONE, but we still don't have a clear sign about the next movement.
To understand better the two possible scenarios, have a quick look on the AUDCHF Daily Chart here below:
Let's focus on the area that interests us:
The price is actually following a strong uptrend and it just reached an important resistance zone. The next price action around this area will be absolutely important to understand the next market's movement.
If the price will be rejected by this zone, we could get a short opportunity until the dynamic trendline support;
If the price will break this zone, we could get a long opportunity until the dynamic trendline resistance;
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
