AUDCHF: wait but soon has the chance to trade
it’s been in an uptrend since 0.56 showed validation of support.
On 7/April/2020, yesterday, price went up and broke resistance of 0.594-0.595 toward 0.6022, but failed to continue climbing up.
MACD now shows bullish momentum is weakening and there is a sign of MACD going to cross down with the signal line.
Pay attention to 0.59 level, which is now turning to be the support of uptrend. Looking for the confirmation of the support, and waiting to buy at around 0.59.
If price broke support of the trendline, then 0.584 might be the next stop.
On 7/April/2020, yesterday, price went up and broke resistance of 0.594-0.595 toward 0.6022, but failed to continue climbing up.
MACD now shows bullish momentum is weakening and there is a sign of MACD going to cross down with the signal line.
Pay attention to 0.59 level, which is now turning to be the support of uptrend. Looking for the confirmation of the support, and waiting to buy at around 0.59.
If price broke support of the trendline, then 0.584 might be the next stop.
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