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PAIR: AUDCHF

TIMEFRAMES: D1 and H4

BIAS: BEARISH.

The AUDCHF has been trading within a falling wedge for about 4 month signalling a bearish move soon. The resistance trend line was hit and it failed to breakout and took a u-turn to the downside.

The target for AUDCHF is a further decline to 1.69000 area.

Analyst – Gideon .