AUDCHF Weekly Forex Forecast 1st December to 7th December by yshashmi37 on

Midterm forecast:

The current trend is uptrend and the forecast is continuation of uptrend.
Technical analysis:

While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.7340 on 11/16/2018, so more losses to support(s) 0.7285, 0.7240 and minimum to Trend Hunter Buy Zone (0.7160 to 0.7070) 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 62.

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