Ransquawk

We have an interesting technical picture on AUD/CHF on a weekly basis. Price for over 2 years respects the edges of the growth channel. This year there has already been a double rebound in March. At the beginning of July, we had another attempt to initiate growth. The price, however, returned to the bottom edge quite quickly. If the double reflection were to occur again, it could be expected in the near future. Chart W1 indicates that the potential space for growth would reach at least the line connecting the series of highs from the last 12 months, ie at least area of 0.75.

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Ransquawk