Descending channel movement Since from 1995 in AUDCHF

AUDCHF Historical Analysis

AUDCHF is moving in a descending channel since from the year 1995 to till now in 2020.

In 2020, AUDCHF touched the bottom zone of the descending channel and bounced back.

Previously, AUDCHF reached this bottom level in the year 2014, 2008, 1998 and 1995.

The top levels of the descending channel are reached in the year 2012, 2007, 1997. 

Now in this year March 2020, due to COVID-19, AUDCHF fall down and touched the bottom level of the channel and starts to bounce up.

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