On the daily chart of AUDCHF, there are the outlines of the figure “Head and shoulders”. Currently, the second shoulder is forming. When the price crosses the level of the neck from up to down, the decrease of the pair is quite possible with the support level of 0,679.
The line of the RSI indicator is pointed down and it is located in the neutral zone signaling that the potential of a downtrend has not yet been reached.
This content is for informational purposes only and is not intended to be investing advice.
