For those who trade the AUD, for sure you will waiting for RBA Interest Rate Desicion that i believe will move the AUD. This time, i believe no changes are expected. Economy outlook for Australia remain the same but it might change depends on another data such as Q3 GDP, PMIs, retail sales and trade numbers that also scheduled for release. If investors respond to RBA Interest rate, AUDCHF might move downward. Besides, we can see that seller also hold the resistance level at 0.67800. And now market still in consolidation, waiting for RBA Interest Rate Decision to break the consolidation. To confirm the downtrend, we will see a strong bearish movement, that break the consolidation right after RBA data release. Goodluck.
SELL TARGET : 0.65900
SELL TARGET : 0.65900