On the daily chart of AUDCHF we can see that pair is near resistance area 0.7285. Earlier since beginning of May pair was in quite wide consolidation between support at 0.7060 and mentioned resistance. These levels were violated few times but the candle closing never breached those until yesterday.
Is it the sign of bulls victory and more increases on the pair? I wouldn’t be sure about that. Pair came back today below resistance, maybe it was just false breakout. We should wait for further development of the situation.
