FX.co ★ AUD/CHF [10]

It seems that buyers lack the strength to continue the rise in the AUDCHF currency pair. Well, that's even better, a pullback downwards is indeed needed, the main thing is that it does not lead to a full-fledged decline. At the moment, a retracement to 0.5260 looks realistic, and then we will need to watch the reaction. A bounce from this level could once again lead to an increase in the price of AUDCHF to 0.5295-0.5305, which is already a significant barrier. Consolidation above will open the way for buyers to more distant targets, such as: 0.5360 (initially), 0.5450, and 0.5600+ (in the medium term). If sellers manage to establish themselves below 0.5260, then they will have the opportunity to continue the decline to 0.5220-0.5200, and perhaps even down to 0.5160 under such circumstances.