© Dukascopy Bank SA
Recently, AUD/CHF has breached the upper limit of the formation. However, the advancement was short-lived and now the currency couple is nearing the 200-hour SMA that represents the last defence of a drop to the triangle's trend-line that if broken will push the pair back into the pattern. Meanwhile, technical indicators send mixed signals, being neutral in the short-term , pointing to a strength in the medium-term and signalling a weakness in the longer perspective.
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