The technical view shows an harmonic upside movement without major disrupions. Therefore the sequel of the uptrend channel is likely.
MACD respects higher lows.
Targets are: 0.86 - 0.865
Price on AUDCHF has been in a tight range since July 4, which I'm interpreting as an accumulation pattern -- i.e. buyers stepping in and quietly building their position. Just below this accumulation zone, which happens to coincide with a 50% Fibonacci retracement from the recent swing low to swing high, are the 50 SMA and 200 EMA. As such, I think there are enough...