FX.co ★ Daily Video Analysis: AUDCHF facing bearish pressure, potential for further downside!

Today we take a look at AUDCHF. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is testing the sell entry level, which is in line with 61.8% Fibonacci retracement and horizontal pullback resistance, where we could see further downside towards our take profit levels, in line with horizontal swing low support and 61.8% Fibonacci extension. Stochastics has also reversed from the upper resistance where it has reacted off before, showing signs of bearish pressure in line with our analysis.