AUDCHF Confronts 50-Day SMA Following Trend-Channel Break

Discussion in 'Technical Analysis' started by Kaitlin, Jan 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    On Wednesday, the AUDCHF closed above the 0.7120-30 important resistance confluence, which encompasses 200-day SMA and resistance-line of nearly two-month old descending trend-channel; however, the pair presently confronts with 0.7170-80 resistance-zone, including 38.2% Fibonacci Retracement of its August – December upside and 50-day SMA. Should the pair manage to clear[​IMG]

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