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AudChf is retracing downward within a weekly bullish channel
AudChf seems to be rising within a weekly bullish channel:
MACD and Stoch indicators point to bullish action, and price of the pair holds above moving averages
(I use DiNapoli 3x3, and 25x5 SMA's)
If we take a look at the daily chart:
We see clearly that previous highs were not taken out - indicating a pullback or retracement
I expect the pair- because it is bullish - to retrace to natural 61.8% fibonacci retracement
before a move up a…
AudChf seems to be rising within a weekly bullish channel:
MACD and Stoch indicators point to bullish action, and price of the pair holds above moving averages
(I use DiNapoli 3x3, and 25x5 SMA's)
If we take a look at the daily chart:
We see clearly that previous highs were not taken out - indicating a pullback or retracement
I expect the pair- because it is bullish - to retrace to natural 61.8% fibonacci retracement
before a move up a…