AUDCHF looking to continue its upward climb.
Hello Traders,
The AUDCHF may look to continue its upward streak. I initially was looking at a short position pull-back on the AUDUSD but found Hidden Bullish Divergence on the shorter-time frames so decided against it. It looks like the same Hidden Bullish Divergence has formed on the 3H AUDCHF MACD/Price Chart. The RSI has also cooled off a bit on the 3H RSI. I decided on the AUDCHF over the AUDUSD as the AUDCHF seems to have a bit more room to climb before it reaches its December 2019 levels.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
The AUDCHF may look to continue its upward streak. I initially was looking at a short position pull-back on the AUDUSD but found Hidden Bullish Divergence on the shorter-time frames so decided against it. It looks like the same Hidden Bullish Divergence has formed on the 3H AUDCHF MACD/Price Chart. The RSI has also cooled off a bit on the 3H RSI. I decided on the AUDCHF over the AUDUSD as the AUDCHF seems to have a bit more room to climb before it reaches its December 2019 levels.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.