AUDCHF is caught in between weak AUD and weak CHF. Both currencies are depreciating against the USD and the cross pair is trading sideways.



However, we expect the AUD to recover faster against USD than CHF due to normalization of relations between North and South Korea. The weekly chart is progressing nicely towards the first target area (in green).


We are currently above the trend line and 100 DMA and approaching both 200 DMA and a falling trend line. We expect more gains for this pair.
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