Multi Months lows & Channel Bottom ; Great Potential to rise ?

Hello Traders ,

Lets look at AUDCHF daily chart , we can see that price has been falling from many sessions , and corona virus has only intesified selling of this pair ,

Currently pair is testing channel bottom and is at multi months low , also with news that central banks may intervene to support economies and alleviate fear from corona virus , fundamental picture may change and traders may buy on strong technicals,

Overall Our view remains on AUDCHF to buy on dips , expecting channel bottom support might push pair higher atleast towards 1.382 retracement.

Do let us know what do u think about this analysis...

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In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan .