AUDCHF Market Analysis

OANDA:AUDCHF   Australian Dollar / Swiss Franc
In this analysis, from a weekly perspective the market had made a impulse move to the downside and corrected it with what seems like a W formation, from this I would like to see it go back to the neckline at least. It started rejection on the .786 Fib level, also with co relation to the COT (commitment of traders) report showing signs of the pair moving to the downside.

Leave feedback let me know your thoughts on the analysis and if I missed anything or done anything wrong.