The AUD/CHF has failed to clear a resistance at 0.960 before a decline in the recent hours. These elements suggest an extension of the correction toward the initial support at 0.9470 (last week’s low pivot). A break below this support would prolong the downtrend toward 0.9357 in the short term while the next medium term support stands at 0.9128 (retracement). Breaks above 0.9590 and 0.9660 would invalidate this scenario and would instead signal a recovery. Sell – Stoploss @ 0,9591 – Target @ 0,9361.
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