AUDCHF - Consolidation Interesting
The price is currently in a consolidation, but there are some important signs to pay attention
Pay attention for the next day, ant bull candle above MM200 can be a good long position.
- Very near the price there is a strong support in weekly time frame
- Even though the price is in a bear momentum, the three moving average are getting closer one of the other, it shows a possible price explosion for one side.
- in Weekly time frame the price is far from MM200. MM200 is a kind of magnet and attracts the price whenever it is far away.
Pay attention for the next day, ant bull candle above MM200 can be a good long position.