AUDCHF Chart Technical Outlook offers trade value for bulls at 0.5940
AUD/CHF consolidates within a contracting structure, developing a corrective pattern. It has a measured move target at 0.5940 to complete the AB=CD pattern. This overlaps with a previous support line. I expect the dip to find buyers. A resistance zone is located at 0.5990 – 0.6000.
The monetary policy divergence between the RBA and the SNB supports the broad bullish bias.
