The AUDCHF forms new bearish channel – Analysis – 6-1-2022

The AUDCHF pair reinforced its affection by the negative pressures, to notice forming minor bearish channel recently and settle below 0.6820 resistance, also, the frequent stability below the moving average 55 will support the continuation of the negativity, to expect declining towards 0.6430 level soon, followed by attempting to press on 0.6275 support line.

The chart shows stochastic crawl below 50 level, to provide the additional negative momentum in order to reinforce the domination of the bearish bias and ease the mission of reaching the suggested negative stations.

The expected trading range for today is between 0.6640 and 0.6430

The expected trend for today: Bearish