Friday, June 12, 2009

AUDCHF - REACHING AT CRITICAL RESISTENCE...


The multi month AUDCHF rally (which is choppy and corrective in nature) is nearing the 61.8% retracement of the entire decline from 1.0080 at 0.8882. This is a potentially significant level that could see a reversal. Signs such as RSI divergence warn of a reversal as well.