AUDCHF: CHF Devaluation Amid SNB Report: Short-Term Trend Shift

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Swiss Franc Devaluation Amid SNB Report: Short-Term Trend Shift

Today, the Swiss National Bank (SNB) reported a decline in two of its main indicators, leading to a short-term devaluation of the Swiss Franc (CHF).

This movement also indicates a change in the short-term trend.
Swiss October CPI +0.6% vs +0.8% y/y expected
Swiss October retail sales 2.2% vs. 2.5% y/y expected

Technical Analysis:
AUDCHF has completed a bullish wedge pattern, positioning the price for a bullish wave.
The volume may increase today or in the coming days.
I expect AUDCHF to rise to the targets shown on the chart:
Targets: 🎯 0.5720 🎯 0.5755

You may find more details in the chart!
Thank you and Good Luck!

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