ForceFollower
Short

AUDCHF In Correction

FX:AUDCHF   Australian Dollar/Swiss Franc
I find this pair being in the process of completing a strong correction, as it is probably about to reverse at the median line of the channel, which would coincide with Ret-23.6%. The aussie has been showing a lot of strength in recent hours and it's pretty overbought now. The swissy, just the opposite, has been weak and reached oversold levels. So a new downward swing move off of 0.805 seems to be well justified. Target? I think it should get to 0.795. However, if this correction gets stronger than expected, next resistance lies at 0.82.
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