AUD/CHF has been trading to the downside since beginning of last year and is showing the same pattern as he was done few years ago. In Figure 1 you can see AUD/CHF weekly chart and a symmetrical triangle (not the symmetrical triangle based on Elliot Wave theory) based on this we should see a retest of the 0.7200-0.7000 region in coming weeks.
  • Figure 1. AUD/CHF weekly chart (click on figure to enlarge).
On the daily chart we can have a look at the more recent price action behaviour and we can see…
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