The AUD/CHF pair is testing its resistance at 0.7110 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is anticipated.
AUD/CHF is testing its resistance where we expect to see a reversal.
Sell below 0.7110. Stop loss at 0.7228. Take profit at 0.6970.
The material has been provided by InstaForex Company – www.instaforex.com
The AUD/CHF pair is testing its resistance at 0.7110 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is anticipated.
AUD/CHF is testing its resistance where we expect to see a reversal.
Sell below 0.7110. Stop loss at 0.7228. Take profit at 0.6970.
The material has been provided by InstaForex Company – www.instaforex.com
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