© Dukascopy Bank SA
However, since mid-February the Australian Dollar has been generally underperforming relative to the Swiss Franc, resulting in formation of the downward-sloping channel. Still, there are concerns whether the falling trend-lines will remain intact, being that the vertical distance between them is widening. This suggests that instead of the channel down pattern, we are observing emergence of the broadening falling wedge.
© Dukascopy Bank SA