AUDCHF neutral

AUDCHF: target achieved, what’s next?

21 june 2022 55
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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AUDCHF pair, as it was expected, significantly rolled back down from the local maximum of June 8. The June maximum was lower than the May one, and then AUDCHF updated its minimums since early March. The downtrend continues developing.


After the achievement of the reduction targets the "bears" are fixing profits, giving the "bulls" an opportunity to recover some positions.

2 "inverted hammers" in a row confirm the intention of market participants to raise the price above the current one. The nearest growth target is the May minimum at 0.677.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
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