Monitoring the AUDCHF chart today I realized that a bearish trend is taking place and thats because of the red arrow shown on the chart also the price 0.8235 which is considered a top is a matter of fact the strong resistance preventing the price from penetrating it and heading above it and that is of course if the trend kept heading strongly in the bearish direction.
The parabolic sar dots however is currently appearing above the candle sticks meaning the price would be heading down for quite some time.
If we are to be taking selling trades as the main trades then the support found at 0.8155 would be the best as initial taking profit position and also there is a great chance for the price to head north after reaching it.
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