The AUDCHF pair is currently heading towards a key resistance area located between 0.63057 and 0.62358. This area is significant because it includes the Fibonacci retracement level of 38.20, two descending trend lines, and the 100-period moving average on the 4-hour timeframe. My expectation is that the price will drop from this area towards 0.61584 and then 0.60949.
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