FX.co ★ AUD/CHF Bullish Outlook, August 23, 2011 (Weekly Strategy)

AUD/CHF

The Australian dollar-franc Switzerland pair on back Price (PULL-BACK) Most striking of all financial assets. At the height of the wave downward the price of the pair reached the levels of 0.7143 and has since managed to return more than 1000 points!

The investment pattern shows the weekly chart of the pair supports the reversal and continuation of the upward sequence. In the long run, it is estimated that the pair can get to fluctuate back to their recent peak levels around 0.9850 and higher still. But before this significant progress, we hope to gather the most bottom price, to take a long position.