As you all realize there is a downward trend that occurs in the AUDCHF pair which is indicated by red dots that appear on the bar, prices may continue to move south for so long remain lower than the 0.8496 level which is considered a strong resistance and also a weekly pivot the point of course is to touch support at the 0.8264 level which is also a weekly pivot point.
But there is another possibility that might not yet happen and that is if the price breaks the resistance 0.8496 and gets itself a bullish signal through the blue dots in this case I think that the price will head north until it touches the resistance of 0.8583 which is the pivot level this week.


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