AUDCHF: Short term strength expected
Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel.
I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel.
I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
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