Sell AUD/CHF | AUD analysis
If you look at our previous analysis of USD/CHF, you will find that we have been bearish on USD/CHF. After retracing slightly up for last four days, including today, Nov 20; USD/CHF seems to have resumed fall and may go to next target as mentioned in previous analysis. Conclusion: CHF is strong.
As per our observation shown in pic below, AUD is weak.
Decision: The conclusions derived from AUD/USD and USD/CHF, makes us sell AUD/CHF. Besides the conclusions; we on 1H time-frame of AUD/CHF see that tendency of upward retracement, higher highs & higher lows, was broken when a lower high & a lower low were made.