AUDCHF facing bearish pressure | 12th Apr 2021

AUDCHF facing bearish pressure | 12th Apr 2021 for FX:AUDCHF by FXCM

AUDCHF facing bearish pressure | 12th Apr 2021



Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement . If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension . EMA is also above prices, showing a bearish pressure for prices.

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