AUD/USD: a positive prospect
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
AUD/CHF turned down
Information is not investment advice
AUD/CHF met resistance in the 0.7200 area and then turned down. The pair is currently supported by the 50-day MA at 0.7090. The decline below this level will confirm a lower top, trigger a “Head and Shoulders" pattern and open the way down to 0.7040 and 0.6970 (Fibo levels of the January-February advance). The return above the 100-day MA at 0.7125 is needed to improve the short-term outlook.
Elizabeth Belugina
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