After a strong move up, Aud/Chf is likely to hold present level for a while
Like most other Chf crosses, the Aud/Chf cross has retraced back more than half of the losses
that occured when the Swiss removed the artificial peg holding down the currency
The move back up is stagnating the last couple of weeks, though,
and technical analysis indicates that a top may be in place
On the weekly chart I have a drawn the fibonacci expansion levels of the move
just before the peg removal, and we see that t…
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