The AUDCHF prepares for new decline – Analysis – 31-1-2022
Economies.com
2022-01-31 05:53AM UTC
The AUDCHF pair kept its stability within the bearish channel, affected by the negativity of the moving average 55 that forms additional barrier at 0.6670, to notice its fluctuation near 23.6% Fibonacci correction level at 0.6510.
Stochastic attempt to provide the additional negative momentum will increase the chances of forming new negative trades to wait to record additional targets that might extend to 0.6420 followed by reaching the next target at 0.6300.
The expected trading range for today is between 0.6585 and 0.6420
The expected trend for today: Bearish
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