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2024-04-03 08:15:00
A Price Action Rising Wedge pattern formation on the 15 Min time frame chart supports AUDCHF Bearish bias. A break of 0.59120 will support the fall towards the target of 0.59090 the break of 0.59090 would push the price to 0.59070.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 0.59743
- Support S1: 0.59726, S2: 0.59693 , S3: 0.59676
- Resistance R1: 0.59776 , R2: 0.59793 , R3: 0.59826
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Age 242 BarsFull view
Rising Wedge
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. Rising wedges slope up and have a bearish bias.
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