Around 500 pips is the trading range of AUDCHF in the last seven months. The pair is below all major moving averages on the monthly chart and struggling to recover substantially post-SNB shock.


At the weekly chart, we have a bullish triangle pattern. The pair is getting supported by the rising trend line and 100 WMA but failing to move above the 0.7570 big resistance.


It will depend a lot on the risk appetite but we may have a breach of the big resistance in the coming weeks/months.
Translate to English Show original