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DeGRAM | AUDCHF the compression channel breakout

Short
Dollar australien/Franc suisse (FX:AUDCHF)  
DeGRAM  
FX:AUDCHF   Dollar australien/Franc suisse
Trend Analysis Chart Patterns Support and Resistance audchfanalysis audchfsignal
10
2
trendanalysis chartpattern supportandresistance audchfanalysis audchfsignal
AUDCHF is bouncing off the resistance zone.

Price action is creating a compression channel, and most likely the price will break and close below it.

The market is in a bearish trend and is consolidating around psychological level 0.61500 before breaking out.

We anticipate a downward trend.


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