Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
USD/CHF: market to test the lower 'Window'
Information is not investment advice
There's a bearish 'Engulfing', which formed at the last local high, but this pattern hasn't been confirmed yet. It's likely that the market is going to test the lower 'Window' (0.9961) and the Moving Averages in the short term. If any bullish pattern forms on these levels next, there'll be an opportunity to have another upward price movement. In this case, we should watch the nearest resistance at 1.0166 as the main bullish target.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
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