Note: This section contains information in English only.AUD/CHF exited its recent trading range by stepping beneath 0.7414, causing the motion to enter bearish territory and put an end to the ranging market after attacks at May 2015 highs were made in October. The direction is affirmed by the rising wedge on the hourly chart as well, suggesting that a steep bearish motion might follow a break below 0.7450. The previous wave south ended with some stickiness at the bottom boundary of the pattern, suggesting that a breakout might be feasible soon. The bottom boundary is, however strengthened by 100 and 55-hour SMAs, meaning that a crossing to the downside would be a strong SELL signal.
Tue, 10 Jan 2017 08:41:08 GMT
Source: Dukascopy Bank SA