Looks like this pair is at a critical juncture; it will either fail here around .9100 and reverse back to test .8700 again or it will finally establish itself above the 200-day MA, break the intermediate bearish trendline, and accelerate higher. I’m still sitting on a small long position and I’m in wait-and-see mode. One possible scenario which is interesting me, is that the AUD/USD resistance at 1.0235 holds but that the AUD/CHF breaks higher which would be a fantastic buy-signal for USD/CHF. More info needed, so we will need to be patient.
