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AUDCHF potential for trend reversal! | 26th Oct for FX:AUDCHF by desmondlzw

Price is consolidating in a daily triangle. We see a potential for a sell entry at our Pivot at 0.69232 in line with 78.6% Fibonacci retracement towards our Take Profit at 0.683 which is a graphical swing low and in line with our ascending trendline. Technical indicators are showing bearish momentum. Alternatively, our stop loss is placed at 0.69520 in line with 127.2% Fibonacci extension .

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