After a strong run from Australia for last 3 weeks, it got consolidated last week and ends with couple of strong red candles. Looking at the strength of the bearish candle, this selling pressure might flew for some another 1 or 2 days before the bullish candle forms. Hence it may be wise to wait for for the bullish engulfing or bullish doji candle to enter on buy and look for some profit. This is because that the Aussie dollar looks more strong and steady off late and hence it's better to not counter trend unless there is some weakness in Fundamental. In line with that, please find the AUDCHF daily chart,
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