AUDCHF neutral

AUDCHF: target achieved, what’s next?

21 June 2022 371
Load the latest quotes
Full screen

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.

This content is for informational purposes only and is not intended to be investing advice.

New Popular
Commenting rules