This will be a short term long opportunity!!! As of now, I am expecting a rejection from 161.8% fib level. We managed to see a 261.8% fib level fall all the way till this level but 0.7053 support level is rather strong and I expect some BULLISH pressure here for AUDCHF. If you wish to enter always remember shifting SL to entry after we see some movement to the upside or close the trade in quick profit.
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