Sunday, June 21, 2009

AUD/CHF


From a technical stand point it looks like AUD is running out of steam. You will notice on this 8hr chart of AUDCHF, there is a classical Head and Shoulders top forming. We may see the AUDCHF decline to approximately0.8440. If the trend continues to the downside we could see the AUDCHF near 0.8000 in the next week or so.

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