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30.05.202405:30 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUDCHF Cross Currency Pairs, Thursday May 30 2024.

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Exchange Rates 30.05.2024 analysis

Although on the 4 hour chart the AUD/CHF currency pairs still dominated with Buyers which confirmed by its EMA 50 Golden Cross-nya above EMA 200, but it appears that it is now corrected quite deep where currently AUD/CHF is trying to breaks below the level 0,6026. If this level successfully broken, then the next level to be aimed for is 0,5984, but if on the way suddenly AUD/CHF return to its strengthen until breaks above the level 0,6071, then all the weakening scenario that has been described will become invalid and will cancel itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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