AUD/CHF: bears are ahead again

AUD/CHF: downtrend, mid-term gain up to levels of resistance and new down impulse.

Short-term downward move goes under support levels at 0.7192 and 0.7097.

Break under those levels gives a signal for a new negative trend, where the next test gives us good levels for a new short.

Long upper shadow confirms that bears are strong and can be considered for a new sell signal

Stefan D. Angelov – Head of Stocks Trading

 Varchev Traders

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