AUD/CHF
A sharp upward sequence launched the Australian dollar – Swiss franc pair by over 900 pips. to the maximum level of 0.9598 which represents a significant resistance level just in the weekly R1. The fact that the pair only touched the level of resistance and did not close over it, represents a real opportunity to sell short position.
A tenuous negative deviation supporting the opening of a new wave bearish can be found in the Momentum indicator. The goal for the total exercise is the important support level of 0.9120
