The AUDCHF pair begins to decline – Analysis – 26-11-2021

2021-11-26 07:33:14 GMT (Economies.com)
 

The AUDCHF pair exited the sideways range by gathering the additional negative momentum, to notice the beginning of forming strong negative trades and achieve some negative targets by reaching 0.6635.

 

We remind you that the bearish track depends on the stability of the major resistance at 0.7000, also, the moving average 55 forms additional barrier by settling near 0.6790, to increase the chances of gathering the negative momentum, waiting to achieve additional negative targets that might start at 0.6580 followed by reaching 23.6% Fibonacci correction level at 0.6515.

 

The expected trading range for today is between 0.6735 and 0.6580

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1285
-0.0012
0.1071%
1.3493
0.0015
0.1124%
Tadawul
12108.56
56.61
0.47%
23.790
-0.026
0.111%
85.080
1.539
1.842%
87.98
1.67
1.93%
1849.380
9.915
0.539%
 
 
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