AUDCHF: Possible Trade Opportunities

The price reached the uptrend line, and it can give us trade opportunities soon.

If we look at the position of Moving Averages, we have a downtrend. After a range period, the market is ready to move lower. For this, the price will have to break the local uptrend line. This breakout will give us sell opportunities based on the daily and lower timeframes.

If the price bounces, it will be a signal that the market will continue the sideways movement or start a new uptrend. The confirmed price reversal from the uptrend line and a breakout above 0.67500 will allow us to buy.

All trades must be used with stop orders and proper money management.