AUD/CHF is having another day of falling prices. The pair has been trading in the red for a third consecutive day now and has already lost some 100 pips these week. AUD/CHF reached a high of 0.7522 on Tuesday and has been on the down side since then making a low of 0.7395 today. The pair might be able to find minor support at 0.7380, but if bears keep the momentum, then they might very well bring the price down to a fist support zone at 0.73, after that second support is seen at 0.7240 and major support zone rests at 0.7090.
On the other hand, if bulls take control over the situation, we will have to go through the latest high of 0.7522 in order for a bullish trend to be confirmed. Until then we are stuck in the middle waiting for some news to create new volatility that could determine the next big move in the pair.
Chart: AUD/CHF H4
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