The AUDCHF fluctuates below the resistance – Analysis – 17-6-2019

The AUDCHF pair had to form intraday positive rebound recently, affected by stochastic rally above 50 level, to approach the bearish channel’s resistance at 0.6890, while the bearish scenario depends on the strength of this resistance to expect renewing the negative attack and press on 0.6845 level, followed by attempting to record new negative target by moving towards 0.6817.

On the other hand, rallying above the current resistance and providing positive close above it will cancel the negative overview, allowing us to start suggesting the bullish bias domination and target 0.6935 as a first station.

The expected trading range for today is between 0.6890 and 0.6845

The expected trend for today: Bearish