The latest downtrend for AUDCHF has run since August 2012.
A measured fib move on the weekly shows that price has hit 1.618
early this month (Sep 4th)
Price is moving in large choppy swings here on the 60 min chart
but is now heading towards 0.6930. A bounce there is to be expected
but I expect price to try to break and clear that level.
As that is done I expect price to try for 0.77 and then 0.82
In other words a buy on every dip for now
Stay awesome
A measured fib move on the weekly shows that price has hit 1.618
early this month (Sep 4th)
Price is moving in large choppy swings here on the 60 min chart
but is now heading towards 0.6930. A bounce there is to be expected
but I expect price to try to break and clear that level.
As that is done I expect price to try for 0.77 and then 0.82
In other words a buy on every dip for now
Stay awesome
