FX.co ★ vgrady | AUD/CHF [10]

Sellers have become more active in the AUDCHF pair against the backdrop of the Swiss franc's growth. The nearest target for the bears is the range of 0.5270-0.5255. Price may bounce off these levels and resume its rise towards the first target at 0.5370. However, a reversal could occur earlier. If sellers do not stop at 0.5255, then they will have a real chance to continue the decline towards 0.5220 and 0.5150. If we are currently witnessing just a pullback, then after consolidating above 0.5370, buyers will have the opportunity to continue moving upwards towards 0.5450. With a successful consolidation above 0.5450, the price of AUDCHF could be directed towards 0.5600-0.5650 and beyond, but it is too early to think about that yet.