The AUD/CHF pair has broken its uptrend and will sell off on a dovish tone from the RBA in their Interest Rate decision later tonight. The Franc continues to be the ultimate safe haven currency in the world.
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...
