AUD/CHF: Our Expectations: Short trend, correction down to 0.74100, at a level of horizontal resistance and close to the diagonal resistance. Price does remain below both 50 and 200 SMA's. SL: 0.74150
Alternative scenario: If the price continues up and passes above 0.74150 or it crosses again in the bullish channel, this might give us a signal for long instead.
Comment: Good correction up to the Fibo 38.2% and possibly short.
Price Action: Doji bar at a horizontal resistance and the price starts to move lower again.
DEM (14): In overbought zone and the potential for a short move next.
Trader - S. Fuchedzhiev
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