Sunday, March 23, 2014

AUDCHF Weekly Outlook

This pair looks like forming a good formation, rising from a bounce off the established upward trendline after a bullish candles formation.

The price is heading toward strong resistance @ 0.8045.

A bearish candles formation off this level could create a bounce and price gets bearish to 0.7900 or lower.

If price breaks 0.8045 upward, the next visible level is 0.8175 .If price turns back before 0.8175, we could have a bearish harmonic set-up

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