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AUDCHF Weekly Forex Forecast 27th October to 2nd November by yshashmi37 on TradingView.com
Midterm forecast:
While the price is above the support 0.6870, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6870 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.7120 on 10/19/2018, so more losses to support(s) 0.7065, 0.6945 and minimum to Major Support (0.6870) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
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