Main items we can see on the chart:

a) The price broke an ascending trendline

b) After that, we can see a huge corrective channel (purple lines)

c) Currently, the price made a small breakout, and we can see a slight correction on the edge of it.

d) IF the price breaks below the structure and reaches the red line, we will take it as a solid confirmation of the short view

e) Our Target will be the lower trendline of the weekly channel
audAUDCHFchfForexfxMultiple Time Frame AnalysisSupport and ResistanceswingtradingTrend Analysis

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