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DeGRAM | AUDCHF fibo cluster and resistance

Kort
FX:AUDCHF   Australiensisk dollar/Schweizisk franc
AUDCHF is slowly approaching the confluence levels following the channel breakout: fibo cluster, resistance, and trendline.

Price action has previously reacted to resistance levels by dropping from it.

The market is pulling back against the major bearish trend because the trend on the 4 hourly chart is bearish.

We expect the price to retest support.


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