AUDCHF neutral

Head and shoulders AUDCHF

18 april 2022 72
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Crypto"
2nd in the segment "Agricultural commodities"
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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. 

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Crypto"
2nd in the segment "Agricultural commodities"
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