AUDCHF Chart Technical Outlook the big Picture analysis still points lower
Both the monthly and weekly charts highlight the scope for lower levels in the cross. The 0.5564-0.5495 zone is a downside target for bears.
Although there is always scope for an upside correction as traders look to lock in profits, we look for rallies to be limited, bespoke resistance is located at 0.5967 with a substantial barrier above here at 0.6017-21.
The outlook is negative.