AUDCHF, looking at the Daily chart by ThinkingAntsOk
Main items we can see on the chart:
a) The two main structures of the chart are: a) The descending channel (white lines) and the Major support zone.
b) Currently, the price has broken the inner channel (the yellow one), and we can see a kind of correction above the support zone and the broken channel.
c) Based on all these aspects, we expect a bullish resolution of the situation.
d) Our Target is the Higher trendline of the descending channel (yellow lines) or the next Support/Resistance zone.
a) The two main structures of the chart are: a) The descending channel (white lines) and the Major support zone.
b) Currently, the price has broken the inner channel (the yellow one), and we can see a kind of correction above the support zone and the broken channel.
c) Based on all these aspects, we expect a bullish resolution of the situation.
d) Our Target is the Higher trendline of the descending channel (yellow lines) or the next Support/Resistance zone.
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