AUDCHF potential trend reversal | 18 Aug 2021
AUDCHF is seen to have a potential bullish divergence , stochastic indicator is seen to form a higher high hovering around the support level while price dropped. Potential buy entry at 0.66371 in line with 100% Fibonacci extension . Price is expected to rise to take profit level 0.66911 in line with 38.2% Fibonacci retracement . Our bullish bias is further being supported by the appearance of the golden crossover and appearance of the three white soldiers candle/ hammer candle reversal.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
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