AdrianRaymondFX

A technically strategic zone for AUDCHF

29 0 2
The AUDCHF             cross has caught my eye because prices started rebounding off their 2011 lows after the SNB event in January. The fundamentals remain bearish given the Swiss franc's strength and the RBA's monetary policy. The technicals suggest however that this pair could hold above 0.63 CHF with a long-term channel support around this level. This is definitely something to watch if the Swiss franc continues to strengthen.
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