AudChf continues to consolidate in a symmetrical triangle formed by the massive spike from the lifting of the EURCHF peg by the Swiss National Bank in early 2015. Fundamentally I am very bearish on the CHF across most pairs, however we will have to be patient if this scenario is to play out.

I anticipate some choppiness over the next couple of weeks as this pair has already seen +- 450 pips price decline from the highs in a short amount of time. As this pair is quite a slow mover that is a big amount. Looking for 0.69 area come July.

4 hour chart with candlestick projection:


Daily chart of the longer term symmetrical triangle pattern:


-AgentSmith
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