Monday , December 23 2024
Home / SNB & CHF / AUD/CHF technical analysis: Bears looking for a run to a 50 percent mean reversion

AUD/CHF technical analysis: Bears looking for a run to a 50 percent mean reversion

Summary:
AUD/CHF is in the midst of a sell-off which could extend beyond a 38.2% retracement for a 50% reversion.  A subsequent pull-back, however, to the resistance and another sell-off will likely make for a high probability set up. AUD/CHF is in the midst of a sell-off which could extend beyond a 38.2% retracement of the August lows to September highs,  located at 0.6715, and target the 50% retracement at 0.6674 (meeting the 2019 lows) should the markets continue to unravel AUD longs coupled with uncertainties surrounding the health of the global economy. The price broke below the late June lows and the 23.6% Fibo and in doing so is looking to extend the 2019 downtrend with the price now back below the descending trendline resistance. A subsequent pull-back, however, to

Topics:
Ross J Burland considers the following as important: , , , ,

This could be interesting, too:

Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?

Connor O'Keeffe writes The Establishment’s “Principles” Are Fake

Per Bylund writes Bitcoiners’ Guide to Austrian Economics

Ron Paul writes What Are We Doing in Syria?

  • AUD/CHF is in the midst of a sell-off which could extend beyond a 38.2% retracement for a 50% reversion. 
  • A subsequent pull-back, however, to the resistance and another sell-off will likely make for a high probability set up.
AUD/CHF is in the midst of a sell-off which could extend beyond a 38.2% retracement of the August lows to September highs,  located at 0.6715, and target the 50% retracement at 0.6674 (meeting the 2019 lows) should the markets continue to unravel AUD longs coupled with uncertainties surrounding the health of the global economy.

The price broke below the late June lows and the 23.6% Fibo and in doing so is looking to extend the 2019 downtrend with the price now back below the descending trendline resistance. A subsequent pull-back, however, to the resistance and another sell-off will likely make for a high probability set up to target the 61.8% Fibo in the 0.6630s and lower.

AUD/CHF daily chart, Sep 2018-Oct 2019

(see more posts on AUD/CHF, )
AUD/CHF technical analysis: Bears looking for a run to a 50 percent mean reversion

- Click to enlarge


Tags: ,,

Leave a Reply

Your email address will not be published. Required fields are marked *