AUD/CHF Trading Analysis (18/09/2024)
The trend is descending. The resistance level at 0.5728 curbs buyers. The upward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Buy at the breach of 0.5703.
- Stop-loss at 0.5728.
- Price targets at 0.5665 and 0.5620.
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