Price has moved lower and broken through the key support level we spoke about previously in this blog HERE. Price had formed an inside bar right on the key support level which was the market showing indecision.
Now price is moving lower, major support comes in around 0.9900. Should price move higher, the old support level would look to hold as new resistance and could present a possible area to get short with the new momentum lower.
AUDCHF DAILY CHART – AUG 23