AUDCHF: Heading back to the descending channel boundary and ATL

12 Eki 2023

This pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained.

We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce.

I generally look at correlation with gold, this pair tends to fall with gold from what I can see, but more of an observation than analysis (which I should look to do).

13 Eki 2023

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