AUD/CHF At Resistance

The pair is trading at resistance at current market price at the level of 0.74. AUD/CHF made a huge climb going from 0.65 to 0.75 in less than nine months. However, the pair is currently facing a resistance as its having a hard time breaking above this level.

Right now is the second time price has attempted to break away from the descending channel and has been unsuccessful in doing so.

Price appears to have been caught in the range between 0.71 and 0.75. A break and a close out of this channel would indicate a beginning of the next move.

Chart: AUD/CHF D1