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AUD/CHF may consolidate

AUD/CHF may consolidate

Information is not investment advice

On the daily chart of AUD/CHF, the pair is near the resistance at 0.6936. RSI is near the overbought area, Stochastic oscillator is already there. It means that the risks of the fall are high. In the case of the rebound, the pair will move to the support at 0.6878. Rise of the pair may be seen if only it sticks above 0.6936. However, the next resistance is close - 0.6990. 

AUDCHFDaily.png

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USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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